- Associated Press - Tuesday, June 23, 2015

LANSING, Mich. (AP) - Michigan will buy back $100 million of vouchers related to a business venture fund program.

Lt. Gov. Brian Calley signed legislation for the buyback Tuesday.

Without the buyback, the vouchers would be used as backing for money provided by banks to the Venture Michigan Fund. The fund was created in 2003 as an effort to lure startup businesses to the state.

Calley also has signed a bill limiting liability for horse owners in certain cases if someone riding the animal is injured. And he’s also signed a bill removing the requirement that anyone trying to register as a building official, inspector or plan reviewer has to be employed by a government agency.

Gov. Rick Snyder’s office says Calley signed the bills because Snyder is spending time with his family.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide