Michigan HB5411 amends the Michigan Strategic Fund to modify requirements for economic assistance agreements with businesses.
Michigan HB5411 amends the Michigan Strategic Fund to modify requirements for economic assistance agreements with businesses. The bill requires the fund to post detailed information about its activities on its website, including financial assistance provided to businesses, the status of loans, and compliance with agreements. It mandates annual reports to the legislature and specific audits. The fund must also provide detailed information about the economic impact of its assistance, including job creation and investment details.
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