2025 Senate Bill 488

Economic development: Michigan strategic fund; Michigan strategic site readiness program and critical industry program; eliminate.

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 to repeal acts and parts of acts.

AI Analysis – Experimental

Senate Bill No. 486-489 amends the Michigan Trust Fund Act by updating definitions, repealing the section establishing the Strategic Outreach and Attraction Reserve Fund.

Introduced in the Senate

July 29, 2025

Introduced by Sen. Thomas Albert (R-18)

Referred to the Committee on Economic and Community Development