to adopt the amendments to HB 4398, as substitute (H-2).
Representative Steckloff moved to adopt the amendments to HB 4398, as substitute (H-2). The motion did not prevail 12-17-0: UNFAVORABLE ROLL CALL Yeas: Reps. Tate, Hammoud, Peterson, Sabo, Tyrone Carter, Hood, Cynthia Johnson, Brabec, O'Neal, Steckloff, Thanedar, Weiss. Nays: Reps. Albert, Whiteford, Allor, Brann, Hornberger, VanSingel, Yaroch, Bollin, Glenn, Huizenga, Lightner, Maddock, Slagh, VanWoerkom, Beson, Borton, Fink. Pass: None. Representative Thanedar offered the following amendments to HB 4398, as substitute (H-2): 1. Amend page 43, following line 12, by inserting: State small business credit initiative 25,000,000 2. Amend page 43, following line 13, by inserting: Technology start-up and venture capital 25,000,000 and adjusting the subtotals, totals, and section 201 accordingly. 3. Amend page 198, following line 29, by inserting: "Sec. 1099b. The funds appropriated in part 1 for state small business credit initiative must be used by the fund for business activities that include, but are not limited to, capital access programs, loan guarantee programs, loan participation programs, and collateral support. Sec. 1099c. The funds appropriated in part 1 for technology start-up and venture capital investments must be used to support and augment existing programs related to technology start-ups and venture capital investments currently operated by the Michigan strategic fund or Michigan economic development corporation.".