Michigan HB5288 amends the Michigan strategic fund to comply with the Uyghur Forced Labor Prevention Act.
Michigan HB5288 amends the Michigan strategic fund to prevent economic assistance to entities on the Uyghur Forced Labor Prevention Act's entity list. The fund must not provide grants, loans, or other economic assistance to listed entities. Existing agreements must be amended to include provisions for forfeiture of future payments and reimbursement of past payments plus a penalty if the entity is added to the list. The bill also defines economic development projects and green chemistry principles.
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