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MI SB0214

MI SB0214
Economic development: other; strategic advisory board; create, and provide for the development of strategic plans. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding secs. 9a & 9b. TIE BAR WITH: SB 0213'25


summary

Introduced
04/17/2025
In Committee
12/10/2025
Crossed Over
12/10/2025
Passed
Dead

Introduced Session

103rd Legislature

Bill Summary

A bill to amend 1984 PA 270, entitled"Michigan strategic fund act,"(MCL 125.2001 to 125.2094) by adding sections 9a and 9b.

AI Summary

This bill establishes a comprehensive Strategic Advisory Board within the Michigan Strategic Fund, comprised of a diverse group of 64 members representing various sectors including jobs, transit, economic development, housing, education, rural development, innovation, and environmental matters. The board will consist of 32 voting members (4 from each of 8 distinct sectors) elected by 52 non-voting members appointed by the governor, plus 6 additional non-voting national experts. Board members will serve one-year terms and are responsible for developing a strategic plan, with meetings occurring at least quarterly and subject to open meetings and freedom of information requirements. The board members will not receive compensation but can be reimbursed for expenses. Once the strategic plan is developed and submitted, the board will be dissolved. The voting members will collaborate with non-voting members to create a comprehensive strategic plan addressing Michigan's economic and community development needs, with the goal of providing strategic guidance for the state's future economic initiatives. The bill is tied to another legislative measure and will only take effect if that companion bill is also enacted.

Committee Categories

Business and Industry, Government Affairs

Sponsors (11)

Last Action

Referred To Committee On Government Operations (on 12/10/2025)

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