Michigan HB5799 amends the Michigan Strategic Fund Act to establish and administer the Community Development Tax Credit Program.

Michigan HB5799 amends the Michigan Strategic Fund Act to establish and administer the Community Development Tax Credit Program. The bill outlines the fund's powers and duties, including the ability to sue and be sued, make contracts, and engage in various financial activities. It mandates annual reports detailing the fund's activities, financial assistance provided, and compliance with agreements. The fund must also post specific information on its website, including details of loans and grants, site visit guidelines, and bankruptcy notices.

Michigan HB5799 amends the Michigan Strategic Fund Act to establish and administer the Community Development Tax Credit Program.

Michigan HB5799 amends the Michigan Strategic Fund Act to establish and administer the Community Development Tax Credit Program. The bill outlines the fund's powers and duties, including the ability to sue and be sued, make contracts, and engage in various financial activities. It mandates annual reports detailing the fund's activities, financial assistance provided, and compliance with agreements. The fund must also post specific information on its website, including details of loans and grants, site visit guidelines, and bankruptcy notices.