A bill to amend 1984 PA 270, entitled “Michigan strategic fund act,” by amending section 9 (MCL 125.2009), as amended by 2024 PA 117, and by adding chapter 8H.
House Bills No. 4998-4999 work to strengthen Michigan’s economic and nonprofit development framework by expanding Michigan Strategic Fund reporting requirements, increasing transparency and accountability, and creating the Michigan Nonprofit Development Center Program and accompanying Nonprofit Development Fund to provide technical assistance, training, and interest-free bridge loans to small, community-based nonprofits awaiting government funding.
Co-sponsored by Reps.
Referred to the Committee on Economic Competitiveness