The bill amends the Michigan Strategic Fund Act by adding a new section, Sec. 15, which stipulates that starting October 1, 2027, the fund will be prohibited from financing or supporting any projects or providing assistance to entities if such actions would violate the corporate welfare prohibition compact act. This provision aims to ensure that state funds are not used in a manner that contravenes the established guidelines regarding corporate welfare.

Additionally, the bill includes an enacting section that specifies it will not take effect unless certain other legislative measures, specifically Senate Bill No. ____ or House Bill No. 5413, are enacted into law. This conditional enactment underscores the interconnected nature of legislative actions within the state.

Statutes affected:
House Introduced Bill: 125.2001, 125.2094