Michigan SB0715 amends the Michigan Strategic Fund to prevent funding of entities on the Uyghur Forced Labor Prevention Act list.
Michigan SB0715 amends the Michigan Strategic Fund to ensure compliance with the Uyghur Forced Labor Prevention Act. The bill mandates that the fund cannot disburse funds to entities listed on the UFLPA entity list. Additionally, any existing agreements must be amended to include provisions for forfeiture of future payments, reimbursement of past payments, and termination of the agreement if the entity is added to the UFLPA entity list. The fund is also prohibited from entering into new agreements with such entities.
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