August 9, 2006, Introduced by Reps. Caul, Kolb, Pastor, Booher, Moore and Casperson and referred to the Committee on Appropriations.
A bill to make, supplement, and adjust appropriations for the
Michigan strategic fund for the fiscal year ending September 30,
2007; to provide for the expenditure of the appropriations; and to
prescribe certain conditions for the appropriations.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
PART 1
LINE-ITEM APPROPRIATIONS
Sec. 101. There is appropriated for the Michigan strategic
fund for the fiscal year ending September 30, 2007, from the
following funds:
Entrepreneurial education program...................... $ 500,000
GROSS APPROPRIATION.................................... $ 500,000
Appropriated from:
State general fund/general purpose..................... $ 500,000
PART 2
PROVISIONS CONCERNING APPROPRIATIONS
GENERAL SECTIONS
Sec. 201. Pursuant to section 30 of article IX of the state
constitution of 1963, total state spending under part 1 for fiscal
year 2006-2007 is $500,000.00. State payments to local units of
government under this act are $0.00.
Sec. 202. The appropriations made and the expenditures
authorized under this act and the departments, agencies,
commissions, boards, offices, and programs for which an
appropriation is made under this act are subject to the management
and budget act, 1984 PA 431, MCL 18.1101 to 18.1594.
ENTREPRENEURIAL EDUCATION
Sec. 301. (1) The funds appropriated in part 1 for the
entrepreneurial education program shall be allocated to Michigan 4-
year degree-granting public institutions for the purpose of
expanding an existing entrepreneurial undergraduate degree program.
The institution's entrepreneurial program must demonstrate a
continued relationship between local businesses and economic
development organizations and shall include an opportunity for
students to obtain practical experience. No institution shall
receive more than $250,000.00.
(2) The funds shall be used for the existing entrepreneurial
education programs to further the development of programs that
include, but are not limited to, internship support and mentor
programs, student scholarship programs, and business plan and
development programs. The fund may be used for undergraduate
studies, for program expansion supporting continuing education, and
as matching funds for foundation and federal grants to support
entrepreneurial degree-related initiatives.