SB 0642
Economic development: other; the management and budget act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 125 of 1984 PA 431 (MCL 18.1125). TIE BAR WITH: SB 0631'25
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- Passed Senate
- Passed House
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- Became Law
Bill overview
This bill modifies the Management and Budget Act to eliminate the Michigan Strategic Fund. Specifically, it removes a section that previously linked the value received by the state for allowing the use of state-owned property for film production to the existence of the Michigan Strategic Fund. The bill’s implementation is contingent upon the passage of Senate Bill 631. This change reflects a restructuring of state economic development initiatives.
Sponsors
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Primary sponsor
Joseph N. Bellino Jr.
Cosponsor
Thomas A. Albert
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