MI SB0668

Transfers responsibilities of the Michigan Strategic Fund under the Brownfield Redevelopment Financing Act to the new Bureau of Fair Competition and Free Enterprise created under the Economic Development Fair Competition and Free Enterprise Act (SB 631)

Redefines "historic resource" directly in the act rather than referencing the former Michigan Strategic Fund Act definition, specifying properties listed on or contributing to National Register of Historic Places, state register, or local historic districts

Updates statutory references throughout to replace references to the Michigan Strategic Fund Act (former 1984 PA 270) and removes references to the Michigan Economic Development Corporation

Adds specific criteria for evaluating transformational brownfield plans directly into the act, including factors such as community importance, job creation, private sector contributions, financial soundness, and environmental contamination levels

Corrects statutory citations for income tax withholding provisions from MCL 206.715 to MCL 206.718 and is contingent on passage of SB 631