Economic development: Michigan strategic fund; allowable use of funds; include small businesses. Amends sec. 9 of 1984 PA 270 (MCL 125.2009) & adds ch. 8F.

Summary

The bill amends the Michigan Strategic Fund Act to mandate yearly reporting on every grant, loan, or incentive the fund provides, including job numbers, salaries, and other financial details. It also requires an independent audit and more frequent disclosure of bankruptcy notices and chapter‑8C actions. The goal is to increase transparency for legislators, the governor, and the public.

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