SB-0919, As Passed Senate, June 29, 2006

 

 

 

 

 

 

 

 

 

 

 

HOUSE SUBSTITUTE FOR

 

SENATE BILL NO. 919

 

 

 

 

 

 

 

 

 

 

     A bill to amend 1996 PA 376, entitled

 

"Michigan renaissance zone act,"

 

(MCL 125.2681 to 125.2696) by adding section 8f.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 8f. (1) The board, upon recommendation of the board of

 

the Michigan strategic fund defined in section 4 of the Michigan

 

strategic fund act, 1984 PA 270, MCL 125.2004, may designate not

 

more than 10 additional renaissance zones for forest products

 

processing facilities within this state in 1 or more cities,

 

villages, or townships if that city, village, or township or

 

combination of cities, villages, or townships consents to the

 

creation of a renaissance zone for a forest products processing

 

facility within their boundaries. The board shall designate not

 

more than 5 renaissance zones for a forest products processing

 

facility each year until the maximum number of renaissance zones


 

for a forest products processing facility is met.

 

     (2) Each renaissance zone designated for a forest products

 

processing facility under this section shall be 1 continuous

 

distinct geographic area.

 

     (3) The board may revoke the designation of all or a portion

 

of a renaissance zone for a forest products processing facility if

 

the board determines that the forest products processing facility

 

does 1 or more of the following in a renaissance zone designated

 

under this section:

 

     (a) Fails to commence operation.

 

     (b) Ceases operation.

 

     (c) Fails to commence construction or renovation within 1 year

 

from the date the renaissance zone for the forest products

 

processing facility is designated.

 

     (4) Beginning on the effective date of the amendatory act that

 

added this subsection, the board shall consider all of the

 

following when designating a renaissance zone for a forest products

 

processing facility:

 

     (a) The economic impact on local suppliers who supply raw

 

materials, goods, and services to the forest products processing

 

facility.

 

     (b) The creation of jobs relative to the employment base of

 

the community rather than the static number of jobs created.

 

     (c) The viability of the project.

 

     (d) The economic impact on the community in which the forest

 

products processing facility is located.

 

     (e) Whether the forest products processing facility can be


Senate Bill No. 919 (H-2) as amended June 27, 2006

located in an existing renaissance zone designated under section 8

 

or 8a.

 

     (5) Beginning on the effective date of the amendatory act that

 

added this subsection, the board shall require a development

 

agreement between the Michigan strategic fund and the forest

 

products processing facility.

 

     (6) As used in this section, "development agreement" means a

 

written agreement between the Michigan strategic fund and the

 

forest products processing facility that includes, but is not

 

limited to, all of the following:

 

     (a) A requirement that the forest products processing facility

 

comply with all state and local laws.

 

     (b) A requirement that the forest products processing facility

 

report annually to the Michigan strategic fund on all of the

 

following:

 

     (i) The amount of capital investment made at the facility.

 

     (ii) The number of individuals employed at the facility at the

 

beginning and end of the reporting period as well as the number of

 

individuals transferred to the facility from another facility owned

 

by the forest products processing facility.

 

     (iii) The percentage of raw materials purchased in this state.

 

     (c) Any other conditions or requirements reasonably required

 

by the Michigan strategic fund.

     [Enacting section 1. This amendatory act does not take effect

 unless House Bill No. 5456 of the 93rd Legislature is enacted into law.]