SENATE BILL NO. 855
May 01, 2024, Introduced by Senator LAUWERS and referred to the Committee on Economic
and Community Development.
A bill to amend 1984 PA 270, entitled
"Michigan strategic fund act,"
(MCL 125.2001 to 125.2094) by adding section 15.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 15. Beginning October 1, 2024, notwithstanding any other
2 provision of this act, the fund shall not finance or otherwise
3 support a project or an economic development project, or provide a
4 loan, grant, or other assistance to any entity, if that project,
5 economic development project, or entity receiving any funding from
6 the Michigan economic development corporation or the fund would
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1 violate the company-specific subsidy interstate compact act.
2 Enacting section 1. This amendatory act does not take effect
3 unless Senate Bill No. 854 of the 102nd Legislature is enacted into
4 law.
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Statutes affected:
Senate Introduced Bill: 125.2001, 125.2094