HOUSE BILL No. 4738


     May 27, 1999, Introduced by Reps. Brewer, Rivet, Quarles and Hale and referred to the
Committee on House Oversight and Operations.


        A bill to amend 1984 PA 431, entitled

   "The management and budget act,"

   (MCL 18.1101 to 18.1594) by adding section 470.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 470.  AS A CONDITION OF RECEIVING APPROPRIATIONS FROM

 2    THIS STATE EACH YEAR, THE MICHIGAN ECONOMIC DEVELOPMENT CORPORA-

 3    TION SHALL SUBMIT A DETAILED REPORT OF FINANCIAL TRANSACTIONS

 4    EACH YEAR TO THE SENATE AND HOUSE OF REPRESENTATIVES APPROPRIA-

 5    TIONS COMMITTEES AND FISCAL AGENCIES.  THE DETAILED REPORT OF

 6    FINANCIAL TRANSACTIONS OF THE MICHIGAN ECONOMIC DEVELOPMENT COR-

 7    PORATION SHALL ADDRESS ALL OF THE FOLLOWING:

 8         (A) THE AMOUNTS OF ALL GRANTS AND THE NAMES OF THE GRANT

 9    RECIPIENTS.

10         (B) A DESCRIPTION AND THE AMOUNT OF ALL PAYROLL COSTS.




   02901'99                                                 JLB
                                              2

 1         (C) A DESCRIPTION AND THE AMOUNTS OF ALL SERVICES PURCHASED

 2    OR UNDER CONTRACT.




















































   02901'99          Final page.                            JLB