SB 0488
Economic development: Michigan strategic fund; Michigan strategic site readiness program and critical industry program; eliminate. Amends sec. 9 of 1984 PA 270 (MCL 125.2009) & repeals secs. 88s & 88t of 1984 PA 270 (MCL 125.2088s & 125.2088t). TIE BAR WITH: SB 486'25
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill eliminates the Michigan Strategic Fund, the Michigan Strategic Site Readiness Program, and the Critical Industry Program from state law. It amends the Michigan Strategic Fund Act to require the fund to provide detailed annual reports to the legislature and the public regarding its activities, including financial assistance provided, job creation, and loan status. The bill also mandates audits of the fund’s operations and increased transparency regarding contracts and agreements.
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Primary sponsor
Thomas A. Albert
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