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MI SB0488
Bill
AI Summary
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Repeals the Critical Industry Program (section 88s) and the Michigan Strategic Site Readiness Program (section 88t) from the Michigan Strategic Fund Act
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Removes requirements for the Michigan Strategic Fund's annual report to include activities related to the Critical Industry Program and Michigan Strategic Site Readiness Program
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Amends section 9 of the Michigan Strategic Fund Act to renumber subsections following the removal of the repealed program reporting requirements
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Bill is tie-barred to Senate Bill No. 486, meaning this legislation only takes effect if SB 486 of the 103rd Legislature is also enacted into law
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Maintains all other existing reporting requirements for the Michigan Strategic Fund, including reports on financial assistance recipients, job creation, loans, tourism promotion, and community revitalization incentives
Legislative Description
Economic development: Michigan strategic fund; Michigan strategic site readiness program and critical industry program; eliminate. Amends sec. 9 of 1984 PA 270 (MCL 125.2009) & repeals secs. 88s & 88t of 1984 PA 270 (MCL 125.2088s & 125.2088t). TIE BAR WITH: SB 486'25
Economic development: Michigan strategic fund
Last Action
Referred To Committee On Economic And Community Development
7/29/2025