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MI SB0636
Bill
Status
10/30/2025
Primary Sponsor
Thomas Albert
Click for details
AI Summary
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Amends the Michigan BIDCO (Business and Industrial Development Company) Act to reflect the elimination of the Michigan Strategic Fund and transfer of its functions to a new Bureau of Fair Competition and Free Enterprise
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Redefines "Board of the Michigan Strategic Fund" to mean either the original board until the effective date of the new act, or the Bureau of Fair Competition and Free Enterprise thereafter
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Creates new definition for "Bureau" as the Bureau of Fair Competition and Free Enterprise created under the economic development fair competition and free enterprise act
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Updates the definition of "Commissioner" from the commissioner of the Office of Financial and Insurance Regulation to the director of the Department of Insurance and Financial Services
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Bill is contingent on passage of Senate Bill No. 631 of the 103rd Legislature (tie bar requirement)
Legislative Description
Economic development: other; Michigan BIDCO act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 104 & 105 of 1986 PA 89 (MCL 487.1104 & 487.1105). TIE BAR WITH: SB 0631'25
Economic development: other
Last Action
Referred To Committee On Government Operations
10/30/2025