Modifies the environmental brownfield redevelopment program in Michigan.
The bill amends the environmental brownfield redevelopment program in Michigan by modifying the grant and loan program for eligible activities on brownfield properties. It specifies that the Michigan Strategic Fund must create and operate this program, detailing the application, approval, and compliance processes. The fund can delegate its approval authority to a designee. The fund must also develop a written agreement with applicants, outlining conditions, terms, and penalties for non-compliance.
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