SB 0715
Economic development: Michigan strategic fund; compliance with the Uyghur forced labor prevention act; provide for. Amends sec. 4 of 1984 PA 270 (MCL 125.2004) & adds sec. 7c.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies the Michigan Strategic Fund Act to ensure compliance with the Uyghur Forced Labor Prevention Act. It prohibits the fund from providing financial assistance to entities listed on the UFLPA entity list. Furthermore, it mandates that existing agreements with such entities include provisions for forfeiting future payments, reimbursing the fund for previous payments with penalties, and ultimately terminating the agreement if the entity is added to the UFLPA list. The bill also clarifies definitions related to the fund and its activities.
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Primary sponsor
Joseph N. Bellino Jr.
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