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MI SB0656

Bill

Official Source

Status

Introduced

10/30/2025

Primary Sponsor

Thomas Albert

Click for details

Origin

Senate

103rd Legislature

AI Summary

  • Amends the business improvement zone law to replace a reference to the Michigan Strategic Fund Act's definition of "affiliate" with a new standalone definition
  • Defines "affiliate" as an entity that directly or indirectly controls, is controlled by, or is under common control with another entity through majority voting/ownership interest or day-to-day operational control
  • Makes minor technical change replacing "upon" with "on" in proportional voting allocation provisions
  • Takes effect only if Senate Bill No. 631 of the 103rd Legislature (which eliminates the Michigan Strategic Fund) is enacted into law

Legislative Description

Economic development: other; 1961 PA 120; amend to reflect elimination of the Michigan strategic fund. Amends sec. 10f of 1961 PA 120 (MCL 125.990f). TIE BAR WITH: SB 0631'25

Economic development: other

Last Action

Referred To Committee On Government Operations

10/30/2025

Committee Referrals

Government Operations10/30/2025

Full Bill Text

No bill text available