May 27, 2015, Introduced by Senator HANSEN and referred to the Committee on Economic Development and International Investment.
A bill to amend 2008 PA 550, entitled
"Michigan promise zone act,"
by amending section 5 (MCL 390.1645).
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 5. (1) If a governing body determines that it is
necessary for the best interests of the public to promote access to
postsecondary education, the governing body may, by resolution,
declare its intention to establish a promise zone.
(2)
The A governing body shall set a date for a public hearing
on
the adoption of a proposed resolution establishing the a promise
zone. Notice of the public hearing shall be published twice in a
newspaper
of general circulation in the eligible entity, not less
than
at least 20 or and not more than 40 days
before the date of
the hearing. Notice of the hearing shall be posted in at least 20
conspicuous
and public places in the eligible entity not less than
at least 20 days before the hearing. The notice shall state the
date, time, and place of the hearing and shall describe the
proposed promise zone, the details of the promise of financial
assistance, and the criteria for eligibility to receive that
financial assistance.
(3)
Not less than At least 30 days after the public hearing,
if
the governing body of the an
eligible entity intends to proceed
with
the establishment of the a
promise zone, it shall submit an
application to the department of treasury seeking approval to
establish
a the promise zone.
(4)
The department of treasury shall review the an application
submitted
under subsection (3) and shall certify that determine if
the governing body of the eligible entity that submitted the
application is eligible to establish a promise zone under this act.
If so, the department of treasury shall certify the eligibility of
that governing body to establish a promise zone. The department of
treasury shall review the applications submitted under subsection
(3) on a first-come first-served basis and shall not certify more
than 10 governing bodies of eligible entities as eligible to
establish a promise zone under this act.
(5) If the department of treasury certifies that the governing
body of the eligible entity is eligible to create a promise zone,
the governing body shall, by resolution, establish a promise zone.
(6)
Not more than Within 90 days after the a governing
body
approves a resolution to establish a promise zone, a local school
district may by resolution elect not to participate in the
establishment of a promise zone by the governing body of the
eligible entity in which the local school district is located. The
resolution shall include a provision that the local school district
will establish a separate promise zone under this act. If the local
school district does not establish a promise zone within a
reasonable period of time, the department of treasury may include
that local school district in the promise zone established by the
eligible entity in which the local school district is located.
(7) If a governing body of an eligible entity by resolution
dissolves a promise zone established under subsection (5), the
department of treasury's certification authorizing that promise
zone under subsection (4) is terminated and does not count toward
the limit of 10 certifications under subsection (4).