Michigan HB5416 amends the Michigan Strategic Fund Act to implement a specific approval process for economic assistance.
Michigan HB5416 amends the Michigan Strategic Fund Act to implement a specific approval process for economic assistance. The bill requires the Michigan Strategic Fund to post proposed draft contract approval agreements, briefing memoranda, and term sheets on its website at least 10 business days prior to approval. The fund must meet at public meetings in compliance with the Open Meetings Act. The fund is an autonomous entity within the Department of Labor and Economic Opportunity.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.