Bill > SB0671

This bill amends the State School Aid Act of 1979 to update references to the Michigan Strategic Fund (MSF) following potential organizational changes. The bill makes two primary modifications: first, in Section 26d, it maintains an allocation of up to $14,400,000 for 2024-2025 to reimburse intermediate districts for specific tax-related purposes, and removes mention of the Michigan Economic Development Corporation from the reimbursement process. Second, in Section 65, it preserves a $900,000 allocation for a pre-college engineering educational program focused on developing a diverse workforce in southeast Michigan. The most significant change is the addition of a definition for "Michigan strategic fund" that acknowledges two potential organizational structures: the original MSF created under a 1984 act (until a certain date) and a new Bureau of Fair Competition and Free Enterprise (after that date). The bill is tied to another piece of legislation (Senate Bill 631) and will only take effect if that bill is also enacted, suggesting these changes are part of a broader reorganization of economic development agencies in Michigan.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0671