A bill to amend 1996 PA 381, entitled “Brownfield redevelopment financing act,” by amending section 8a (MCL 125.2658a), as amended by 2023 PA 90.
House Bills 5286 and 5287 create a streamlined, accountable brownfield redevelopment system in Michigan by establishing a comprehensive new grant and loan program, expanding eligible uses and financing tools, and clarifying fund administration and tax capture processes to support the cleanup and revitalization of contaminated and housing-related redevelopment sites, contingent on related legislation.
Introduced
by
Referred to the Committee on Economic Competitiveness
