Bill > HB6069

This bill, effective April 1, 2027, amends the Michigan Strategic Fund Act to require that all written agreements for funds, including loans, grants, or other assistance provided by the Michigan Strategic Fund (MSF), must include provisions for the event of default and the clawback (recovery) of those funds if the recipient reports a new listing on the registry established by the anti-offshoring accountability act. This registry tracks businesses that move their call centers out of the state, and the bill aims to penalize companies that receive state economic development incentives and then offshore their call center operations. The bill is tied to another piece of legislation, meaning it will only become law if that other bill also passes.