Michigan SB0654 amends the Land Bank Fast Track Act to reflect the elimination of the Michigan Strategic Fund.
Michigan SB0654 amends the Land Bank Fast Track Act to reflect the elimination of the Michigan Strategic Fund. The bill updates the act to ensure that the duties of the Michigan Strategic Fund are now performed by the Bureau of Fair Competition and Free Enterprise. It also removes references to the Michigan Strategic Fund and adjusts definitions and provisions to align with the new economic development framework. The changes ensure that local authorities can continue to operate effectively under the revised act.
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