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SB0486

Economic development: other; SOAR fund; eliminate. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & repeals sec. 4 of 2000 PA 489 (MCL 12.254). TIE BAR WITH: SB 488'25

Introduced·7/29/25
Introduced Text

Michigan SB0486 repeals the Strategic Outreach and Attraction Reserve Fund.

Michigan SB0486 repeals the Strategic Outreach and Attraction Reserve Fund, which was created to support economic development initiatives. This bill amends the Michigan trust fund act by eliminating the fund and its associated provisions. The repeal is contingent upon the enactment of Senate Bill No. 488 of the 103rd Legislature.

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  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Economic And Community Development Committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

History

Jul 29, 2025

Senate

Introduced By Senator Thomas Albert

Jul 29, 2025

Senate

Referred To Committee On Economic And Community Development