PTAC; UPDATE TO APEX ACCELERATOR        S.B. 27:

        SUMMARY OF BILL

        REPORTED FROM COMMITTEE

 

 

 

 

 

 

Senate Bill 27 (as reported without amendment)

Sponsor: Senator Veronica Klinefelt

Committee: Economic and Community Development

 

 

CONTENT

 

The bill would amend Public Act 317 of 2006, which establishes certain entities in the Michigan Strategic Fund, including the Michigan Defense Center, to update references of procurement technical assistance centers (PTACs) to APEX Accelerators.

 

MCL 125.1972

 

BRIEF RATIONALE

 

Generally, PTACs provide small businesses with no-cost advising on all aspects of government

contracting, including selling to Federal, state, and local governments and fulfilling contracts.

The United States Department of Defense (DoD) partially funds PTACs. In December 2022, the DoD and the Small Business Administration signed a memorandum of understanding that, among other things, changed the name of PTACs to APEX Accelerators.¹ Accordingly, it has been suggested that Michigan law be updated to include the new name.

 

PREVIOUS LEGISLATION

(This section does not provide a comprehensive account of previous legislative efforts on this subject matter.)

 

The bill is a reintroduction of Senate Bill 481 from the 2023-2024 Legislative Session. Senate Bill 481 passed the Senate and was reported by the House Committee on Economic Development and Small Business but received no further action.

 

        Legislative Analyst: Abby Schneider

 

FISCAL IMPACT

 

The bill would have no fiscal impact on State or local government.

 

Date Completed: 2-12-25        Fiscal Analyst: Cory Savino, PhD

floor\sb27                Bill Analysis @ www.senate.michigan.gov/sfa

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.