Bill > SB1116

This bill amends the Michigan Strategic Fund Act to create a Strategic and Operational Advisory Board. The Board must develop a strategic plan and an operational plan for the state's economic development activities. The strategic plan must include specific goals and strategies, such as promoting economic opportunity, providing incentives for different regions, and protecting the environment and natural resources. The operational plan must evaluate the state's effectiveness in achieving the goals and coordinating with other state agencies. The Board must submit annual reports on the plans and the state's progress to the governor and legislative committees. The bill will only take effect if Senate Bill 1117 is also enacted.