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MI HB5297
Bill
Status
11/13/2025
Primary Sponsor
Sarah Lightner
Click for details
AI Summary
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Updates legislative committee names for Michigan Strategic Fund reporting requirements, changing references from "commerce and tourism" to "economic competitiveness" committee and "general government" subcommittees to "labor and economic opportunity" and "LEO/MEDC" subcommittees
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Removes reporting requirements for the critical industry program (section 88s) from the fund's annual report
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Removes reporting requirements for the Michigan strategic site readiness program (section 88t) from the fund's annual report
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Requires the bill to take effect only if House Bill No. 5294 is enacted into law (tie bar provision)
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Maintains all other existing annual reporting requirements including financial assistance recipients, job creation data, bankruptcy notices, tourism promotion activities, and community revitalization incentives
Legislative Description
Economic development: Michigan strategic fund; Michigan strategic fund act; amend to reflect elimination of the strategic outreach and attraction reserve fund, Michigan strategic site readiness program, and critical industry program. Amends sec. 9 of 1984 PA 270 (MCL 125.2009). TIE BAR WITH: HB 5294'25
Economic development: Michigan strategic fund
Last Action
Bill Electronically Reproduced 11/13/2025
12/2/2025