Economic development: other; 1961 PA 120; amend to reflect elimination of the Michigan strategic fund. Amends sec. 10f of 1961 PA 120 (MCL 125.990f). TIE BAR WITH: SB 0631'25

This bill amends an existing law from 1961 to remove references to the Michigan Strategic Fund, which is being eliminated. The change affects section 10f of the law, which relates to economic development. The bill is tied to another piece of legislation, SB 0631'25.

Supporters of the bill argue that eliminating the Michigan Strategic Fund will streamline economic development processes and reduce bureaucratic obstacles for businesses. They believe that this change will foster a more efficient use of state resources and promote a more favorable environment for economic growth.

Critics contend that abolishing the Michigan Strategic Fund could undermine efforts to support local businesses and economic initiatives. They warn that removing this funding source may lead to decreased investment in key development projects, ultimately harming the state's economy.