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MI SB0674
Bill
Status
10/30/2025
Primary Sponsor
Thomas Albert
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AI Summary
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Amends the Michigan Zoning Enabling Act to update the definition of "financial institution" by replacing the reference to the Michigan Strategic Fund Act with a direct definition
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Defines "financial institution" as a state or nationally chartered bank, or state or federally chartered savings and loan association, savings bank, or credit union with federally insured deposits and a Michigan office
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Changes minor language from "pursuant to" to "under" regarding administrative hearings bureau references
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Contingent on passage of Senate Bill No. 631, which eliminates the Michigan Strategic Fund
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Maintains existing provisions allowing cities to deny zoning authorizations to applicants delinquent on civil fines, with exemptions for foreclosure purchasers like government-sponsored enterprises and financial institutions
Legislative Description
Economic development: other; Michigan zoning enabling act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 406 of 2006 PA 110 (MCL 125.3406). TIE BAR WITH: SB 0631'25
Economic development: other
Last Action
Referred To Committee On Government Operations
10/30/2025