Michigan SB0490 restricts elected officials from signing nondisclosure agreements using public funds.
Michigan SB0490, the "economic development transparency act," prohibits public officers from entering into nondisclosure agreements that use public funds. This act applies to agreements or contracts entered into, amended, extended, or renewed after its effective date. Nondisclosure agreements that violate this act are void and unenforceable. The act aims to ensure transparency in economic development projects and incentives.
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