A bill to amend 1996 PA 381, entitled “Brownfield redevelopment financing act,” by amending sections 2, 14a, and 16 (MCL 125.2652, 125.2664a, and 125.2666), as amended by 2023 PA 90.
House Bill No. 5073 amends Michigan's Brownfield Redevelopment Financing Act to expand eligible activities and properties, increase funding caps for transformational brownfield projects, enhance financial oversight and reporting, and ensure more equitable geographic distribution of redevelopment resources, with a focus on supporting large-scale economic and housing revitalization efforts across the state.
Introduced
by
Referred to the Committee on Economic Competitiveness
