Michigan SB0636 amends the Michigan BIDCO Act to reflect the elimination of the Michigan Strategic Fund.

Michigan SB0636 amends sections 104 and 105 of the Michigan Business and Industrial Development Corporations Act of 1986 to update definitions and references in light of the elimination of the Michigan Strategic Fund. The bill redefines terms such as "BIDCO," "Michigan Strategic Fund," and "Bureau" to align with the new economic development framework established by the Economic Development Fair Competition and Free Enterprise Act. These changes ensure that the legal definitions within the BIDCO Act accurately reflect the current organizational structure and responsibilities.

Michigan SB0636 amends the Michigan BIDCO Act to reflect the elimination of the Michigan Strategic Fund.

Michigan SB0636 amends sections 104 and 105 of the Michigan Business and Industrial Development Corporations Act of 1986 to update definitions and references in light of the elimination of the Michigan Strategic Fund. The bill redefines terms such as "BIDCO," "Michigan Strategic Fund," and "Bureau" to align with the new economic development framework established by the Economic Development Fair Competition and Free Enterprise Act. These changes ensure that the legal definitions within the BIDCO Act accurately reflect the current organizational structure and responsibilities.