March 15, 2012, Introduced by Reps. Agema, Knollenberg, Callton, Haines, Kowall and Moss and referred to the Committee on Banking and Financial Services.
A bill to amend 1984 PA 270, entitled
"Michigan strategic fund act,"
(MCL 125.2001 to 125.2094) by adding section 15.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 15. The fund shall establish requirements to ensure that
any recipient of funds, including a loan, a grant, or funding or
other assistance for a project, is not an Iran-linked business as
described in the Iran economic sanctions act.
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No. ____ or House Bill No. 5479(request no.
04094'11 *) of the 96th Legislature is enacted into law.