Modifies the strategic outreach and attraction reserve fund in Michigan, detailing its creation, management, and expenditure criteria.
The bill amends the strategic outreach and attraction reserve fund in Michigan, detailing its creation within the Department of Labor and Economic Opportunity. It specifies that the state treasurer is responsible for depositing and investing funds in the reserve fund. The fund can only be used for expenditures related to the critical industry program or the outreach and attraction reserve fund, provided they comply with legal appropriations and merit-based hiring and promotion practices. The Department of Labor and Economic Opportunity must report annually on the fund's activities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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