Bill > HB5287

This bill amends the Brownfield Redevelopment Financing Act by modifying provisions related to the state brownfield redevelopment fund, a financial resource dedicated to supporting environmental cleanup and redevelopment of contaminated or potentially contaminated properties (known as brownfield sites). The bill clarifies that the fund, administered by the state treasurer, can use up to 15% of its annual deposits for administrative costs across multiple state agencies, including the Michigan Strategic Fund and departments involved in environmental protection. The fund can provide grants and loans for eligible activities on brownfield properties through a program operated by the Michigan Strategic Fund, which must develop a detailed application and approval process. The bill specifies that loan repayments and interest must be returned to the fund, and allows for distribution of various tax capture revenues related to transformational brownfield plans. Additionally, the bill includes provisions for separately accounting for revenues from specific transformational brownfield plans and ensures that these funds can only be used for their intended purpose. The bill is tied to another pending legislation and will only take effect if that companion bill is also enacted into law.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-5287