May 2, 2006, Introduced by Senators CHERRY, BRATER, CLARKE, SCOTT, OLSHOVE, THOMAS, CLARK-COLEMAN, BASHAM, SWITALSKI, PRUSI, WHITMER, LELAND, SCHAUER and EMERSON and referred to the Committee on Economic Development, Small Business and Regulatory Reform.
A bill to provide a short-term loan program for certain
qualified workers; and to describe certain duties of certain state
authorities.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 1. This act shall be known and may be cited as the
"outsourced worker's emergency assistance act".
Sec. 2. To the extent that funds are available, a qualified
outsourced worker is entitled to a 12-month interest-free loan,
paid to the worker monthly in equal installments of the following
amounts:
(a) $6,000.00 for home mortgage payments if the qualified
outsourced worker is a titleholder of residential real estate that
he or she is using as his or her residence.
(b) $2,400.00 to be used for 1 vehicle if the qualified
outsourced worker is a titleholder of a vehicle.
Sec. 3. A qualified outsourced worker shall apply to the state
housing development authority for a loan on a form developed by the
authority and in a manner designated by the authority. The state
housing development authority shall administer the loan program.
Proceeds of the loan program shall be taken from the worker
emergency fund created in the worker emergency fund act.
Sec. 4. The qualified outsourced worker who qualifies for a
loan shall give a lien for the property that is the subject of the
loan to this state. The qualified outsourced worker shall give at
least 30 days' notice to the state housing development authority
before transferring the property on which the lien is given. The
state housing development authority shall not collect on the loan
proceeds until notice is given that the property will be
transferred. The state housing development authority shall
determine the proper procedure for obtaining and recording liens
given to the state under this act.
Sec. 5. As used in this act, "qualified outsourced worker"
means an "adversely affected worker" as that term is defined in 20
CFR 617.3.
Enacting section 1. This act does not take effect unless
Senate Bill No. _____ or House Bill No. _____ (request no.
05498'05) of the 93rd Legislature is enacted into law.