MI HB5099

Requires the Michigan Strategic Fund to submit an annual report to legislature and governor by April 10 each year detailing activities from the prior fiscal year.

Report must include for each program: list of assisted entities, project types, financial assistance amounts, committed vs. actual job creation/retention numbers, average salaries, assistance duration, and non-state funding sources.

Mandates reporting on bankruptcy notices for fund recipients with active incentives of $500,000 or more, with notification to legislative leadership and relevant committees within 120 days.

Requires inclusion of detailed information on 21st century investments, qualified venture capital/private equity funds, community revitalization projects, business incubators, site visit compliance, and the Good Jobs for Michigan program.

Establishes annual audit by auditor general or certified public accountant to assess fund's ability to meet obligations, with public website posting of reports and loan documentation for sections 88r and 90b.