Bill > SB0651

This bill amends the Michigan Economic Growth Authority Act to update definitions and reflect changes in state economic development organizations. Specifically, the bill modifies the definition of "authority" to acknowledge the transition from the Michigan Economic Growth Authority to the Michigan Strategic Fund, which occurred in 2012 through an executive reorganization order. The bill introduces a new section defining the "bureau" as the Bureau of Fair Competition and Free Enterprise, and clarifies that the Michigan Strategic Fund will transition to this bureau under a new economic development act. The changes are primarily technical, updating terminology and organizational references to align with recent administrative restructuring in Michigan's economic development agencies. The bill is tied to another piece of legislation (Senate Bill 631) and will only take effect if that companion bill is also enacted into law. Key modifications include updating references to the authority, defining new terms related to economic development organizations, and ensuring legal continuity during organizational transitions.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0651