Michigan HB4771 requires funds from the Strategic Outreach and Attraction Reserve Fund and the Critical Industry Program to revert to the state's.

Michigan HB4771 amends sections 88s and 88t of the Michigan Compiled Laws to mandate that any unexpended, unallocated, or unobligated funds from the Strategic Outreach and Attraction Reserve Fund and the Critical Industry Program must be returned to the state's general fund at the end of each fiscal year. This bill ensures that funds not utilized for their intended purposes are reallocated to the general fund, promoting fiscal responsibility and transparency in state economic development programs.

Michigan HB4771 requires funds from the Strategic Outreach and Attraction Reserve Fund and the Critical Industry Program to revert to the state's.

Michigan HB4771 amends sections 88s and 88t of the Michigan Compiled Laws to mandate that any unexpended, unallocated, or unobligated funds from the Strategic Outreach and Attraction Reserve Fund and the Critical Industry Program must be returned to the state's general fund at the end of each fiscal year. This bill ensures that funds not utilized for their intended purposes are reallocated to the general fund, promoting fiscal responsibility and transparency in state economic development programs.