A bill to amend 1984 PA 270, entitled “Michigan strategic fund act,” (MCL 125.2001 to 125.2094) by adding section 7c.
Senate Bill No. 783 prohibits publicly traded companies receiving Michigan economic incentives from conducting stock buybacks during the incentive period and imposes penalties for violations, aiming to ensure responsible use of public funds.
Introduced
by
Referred to the Committee on Economic and Community Development
