Michigan SB0664 amends the Julian-Stille Value-Added Act to reflect the elimination of the Michigan Strategic Fund.
Michigan SB0664 amends the Julian-Stille Value-Added Act, specifically section 2 of 2000 PA 322, to reflect the elimination of the Michigan Strategic Fund. The bill establishes a competitive process for awarding grants to projects designed to enhance agricultural value-added processing and production. It mandates that the Commission of Agriculture and Rural Development, in collaboration with the Department of Agriculture and Rural Development, establish a low-interest loan program for agricultural ventures. Recipients of loans or grants must agree not to use the funds for casino development.
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