November 14, 2006, Introduced by Reps. Kolb and Zelenko and referred to the Committee on Commerce.
A bill to amend 1984 PA 270, entitled
"Michigan strategic fund act,"
(MCL 125.2001 to 125.2094) by adding section 79.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 79. (1) The fund along with the Michigan economic
development corporation and the public service commission shall
establish and operate a center for energy efficiency for Michigan
businesses.
(2) The center for energy efficiency for Michigan businesses
shall establish and operate a low-interest revolving loan program
to assist businesses located in this state to install energy
efficient equipment in this state.
(3) The fund shall create an advisory task force to advise the
center on the establishment and operation of the low-interest
revolving loan program.
(4) Not later than December 31 of each year, the center shall
report to each house of the legislature on the operation of the
low-interest revolving loan program.
(5) The fund shall implement this section not later than 1
year after the effective date of the amendatory act that added this
section.