Michigan SB0656 amends the Michigan strategic fund act to reflect the elimination of the Michigan strategic fund.

Michigan SB0656 amends section 10f of the 1961 Public Act 120 to reflect the elimination of the Michigan strategic fund. The bill modifies the definition of "affiliate" and outlines the process for establishing a business improvement zone, including the allocation of assessments and the election process for property owners. The bill also specifies that the creation of a business improvement zone does not relieve the zone from following applicable laws or waive any rights of the city or village. The amendatory act will not take effect unless Senate Bill No.

Michigan SB0656 amends the Michigan strategic fund act to reflect the elimination of the Michigan strategic fund.

Michigan SB0656 amends section 10f of the 1961 Public Act 120 to reflect the elimination of the Michigan strategic fund. The bill modifies the definition of "affiliate" and outlines the process for establishing a business improvement zone, including the allocation of assessments and the election process for property owners. The bill also specifies that the creation of a business improvement zone does not relieve the zone from following applicable laws or waive any rights of the city or village. The amendatory act will not take effect unless Senate Bill No.