HOUSE BILL No. 6650

November 14, 2006, Introduced by Reps. Kolb, Bieda 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 shall establish and operate a center for

 

the development of green commerce.

 

     (2) The center for the development of green commerce, along

 

with the department of treasury and the Michigan economic

 

development corporation, shall provide loans, grants, and other

 

support for the attraction, development, and growth of green

 

commerce.

 

     (3) Not later than February 1 of each year, the center for

 

development of green commerce shall report to the legislature for

 


the immediately preceding fiscal year. The report shall contain

 

both of the following:

 

     (a) The amount of loans, grants, and other support provided

 

under this section and the name of the individuals or businesses

 

that received the loan, grant, or other support.

 

     (b) Recommendations for any changes needed in law to

 

facilitate the attraction, development, or growth of green commerce

 

in this state.

 

     (4) As used in this section, "green commerce" means the

 

research, development, production, and support of the following:

 

     (a) Renewable or alternative energy and the equipment to

 

produce it.

 

     (b) Green chemistry that replaces toxic ingredients with

 

environmentally safe components.

 

     (c) Pollution control and remediation technologies.