Modifies the state brownfield redevelopment fund to separate transformational brownfield plan revenues and establish a grant and loan program.
This bill amends the state brownfield redevelopment fund to ensure that revenues from transformational brownfield plans are accounted for separately and cannot be used for other purposes. It mandates that these funds be used solely for the specific plan they are attributable to or for additional administrative costs. The bill also establishes a grant and loan program managed by the Michigan Strategic Fund to support eligible activities on brownfield properties.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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