Michigan SB0488 repeals the Michigan Strategic Site Readiness Program and Critical Industry Program.
Michigan SB0488 repeals sections 88s and 88t of the Michigan Strategic Fund Act, eliminating the Michigan Strategic Site Readiness Program and Critical Industry Program. The bill mandates annual reports on fund activities, including financial assistance details, job creation, and compliance with clawback provisions. It also requires the fund to post specific program details on its website and cooperate with the Department of Treasury for related reports. The repeal takes effect only if Senate Bill No. 486 is enacted into law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.