Economic development: other; certain funds directed to SOAR or CIP; require to be returned to the general fund. Amends secs. 88s & 88t of 1984 PA 270 (MCL 125.2088s & 125.2088t). TIE BAR WITH: HB 4773'25

Michigan House Bill 4771, introduced by Representative Ann Bollin on August 19, 2025, proposes that funds allocated to the Strategic Outreach and Attraction Reserve (SOAR) and the Critical Industry Program (CIP) be returned to the state's general fund. This bill aims to amend sections 88s and 88t of the Michigan Strategic Fund Act (1984 PA 270) to facilitate this reallocation. Additionally, HB 4771 is linked to House Bill 4773, indicating that both bills are intended to be enacted together.

Supporters of HB 4771 argue that redirecting funds from SOAR and CIP back to the general fund will enhance fiscal responsibility and provide the state with greater flexibility in budget allocation. They believe this move will allow for more strategic use of state resources, potentially addressing pressing needs in other sectors such as education, healthcare, and infrastructure.

Critics of HB 4771 contend that withdrawing funds from SOAR and CIP could undermine Michigan's economic development initiatives. They argue that these programs are essential for attracting and retaining businesses, fostering job creation, and stimulating economic growth. Opponents fear that reallocating these funds may deter potential investors and hinder the state's competitiveness in the national and global markets.