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MI SB0491
Bill
AI Summary
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Requires independent evaluations of Strategic Outreach and Attraction Reserve (SOAR) fund projects at 3 years, 5 years, and 10 years after legislative appropriation
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Defines "SOAR project" as economic development incentives funded by SOAR, the critical industry program, or the Michigan strategic site readiness program
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Adds SOAR as a named economic development incentive program subject to evaluation under the Economic Development Incentive Evaluation Act
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Requires the Department of Technology, Management, and Budget to contract for SOAR project evaluations "as often as necessary" to meet the new evaluation timeline requirements
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Updates the definition of "economic development incentive" to include SOAR and any new economic development programs determined by the Michigan Strategic Fund
Legislative Description
Appropriations: supplemental; economic development incentive evaluations for SOAR projects; require. Amends secs. 3, 5 & 7 of 2018 PA 540 (MCL 18.1753 et seq.) & adds sec. 7a.
Appropriations: supplemental
Last Action
Referred To Committee On Economic And Community Development
7/29/2025