SB 0654
Economic development: other; land bank fast track act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 3, 16 & 23 of 2003 PA 258 (MCL 124.753 et seq.). TIE BAR WITH: SB 0631'25
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- Passed Senate
- Passed House
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Bill overview
This bill modifies the Land Bank Fast Track Act to eliminate the Michigan Strategic Fund’s involvement. It clarifies definitions related to land banks, authorities, and related entities, particularly concerning the roles of the Michigan Economic Development Corporation and the Strategic Fund. The bill also outlines procedures for intergovernmental agreements between local governments and land banks, focusing on the transfer of tax reverted property and the establishment of county and local authorities.
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Primary sponsor
Thomas A. Albert
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