Loading chat...
MI HB5416
Bill
Status
12/18/2025
Primary Sponsor
Jimmie Wilson
Click for details
AI Summary
-
Requires the Michigan Strategic Fund board to post proposed draft contract approval agreements, briefing memoranda, and term sheets on its website at least 10 business days before approving any grant, loan, award, company-specific tax credit, or other economic assistance
-
Makes any board decision invalid and ineffective if the required documents are not posted within the 10-business-day advance notice period
-
Applies the transparency requirement to decisions made by both the full board and any delegate authorized to approve economic assistance
-
Maintains existing provisions that allow certain financial or proprietary information submitted by applicants to remain confidential and exempt from public disclosure
Legislative Description
Economic development: Michigan strategic fund; grant, loan, award, tax credit, or other economic assistance under the Michigan strategic fund act; implement certain approval process for. Amends sec. 5 of 1984 PA 270 (MCL 125.2005).
Economic development: Michigan strategic fund
Last Action
Bill Electronically Reproduced 12/18/2025
12/23/2025