MI SB0659

Transfers authority over state essential services assessment exemptions from the Michigan Strategic Fund board to the newly created Bureau of Fair Competition and Free Enterprise

Replaces the board resolution process with director orders for exempting eligible personal property from assessments, requiring consultation with the state treasurer before issuance

Maintains existing exemption criteria including minimum $25,000,000 investment requirement, job creation considerations, and compliance/repayment provisions in written agreements

Preserves validity of existing Michigan Strategic Fund resolutions and written agreements with eligible claimants, treating them as equivalent to bureau orders and agreements under the amended act

Contingent on passage of SB 631, which would enact the Economic Development Fair Competition and Free Enterprise Act eliminating the Michigan Strategic Fund