Michigan SB0899 amends the environmental brownfield redevelopment program to modify the state brownfield redevelopment fund.

Michigan SB0899 amends the environmental brownfield redevelopment program to modify the state brownfield redevelopment fund. The fund is a revolving fund within the Department of Treasury, administered by the state treasurer. The fund receives annual deposits from the general fund and can be used for eligible activities on eligible properties. The Michigan Strategic Fund creates and operates a grant and loan program for these activities, with a detailed application and approval process.

Michigan SB0899 amends the environmental brownfield redevelopment program to modify the state brownfield redevelopment fund.

Michigan SB0899 amends the environmental brownfield redevelopment program to modify the state brownfield redevelopment fund. The fund is a revolving fund within the Department of Treasury, administered by the state treasurer. The fund receives annual deposits from the general fund and can be used for eligible activities on eligible properties. The Michigan Strategic Fund creates and operates a grant and loan program for these activities, with a detailed application and approval process.