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SB 792

Economic development: obsolete property and rehabilitation; obsolete property rehabilitation act; modify. Amends secs. 2, 6, 7, 14, 16 & 17 of 2000 PA 146 (MCL 125.2782 et seq.).

2025-2026 Regular Session Introduced by Paul Wojno

SB 792 would modify OPRA criteria and processes for rehabilitating obsolete properties, including eligibility, financing terms, and oversight.

referred to Committee on Regulatory Reform
#economicdevelopment:obsoletepropertyandrehabilitation
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Bill Summary · SB 792

Summary: SB 792 (2025-2026) – Michigan Obsolete Property Rehabilitation Act amendments

Purpose and intent

SB 792 proposes amendments to the Obsolete Property Rehabilitation Act (OPRA), originally enacted as 2000 PA 146. The bill aims to modify several sections of the act to update criteria, processes, or application of obsolete property rehabilitation incentives and programs. The stated objective is to refine how obsolete properties are rehabilitated and incentivized, potentially expanding or adjusting eligibility, terms, or administration of the program.

Key provisions and changes (as referenced)

  • The bill amends sections 2, 6, 7, 14, 16, and 17 of 2000 PA 146 (MCL 125.2782 et seq.). While the specific textual changes are not provided in the summary, the sections typically cover:
    • Section 2: Definitions and scope, establishing key terms used throughout OPRA.
    • Section 6: Eligibility criteria and application requirements for property owners seeking rehabilitation incentives.
    • Section 7: Review, approval, or certification processes for projects under OPRA.
    • Section 14: Financial parameters, including tax capture mechanisms, caps, or repayment terms.
    • Section 16: Administrative duties and oversight by the public authorities or governing bodies administering OPRA.
    • Section 17: Miscellaneous provisions, potentially including reporting, compliance, or sunset/migration rules.
  • The amendments likely adjust one or more of the following: eligibility thresholds, project size or type, credit or exemption calculations, timelines, reporting obligations, or oversight responsibilities. The exact substantive changes are not enumerated in the provided material.

Who or what would be affected

  • Property owners and developers proposing rehabilitation of obsolete or underused property in Michigan may be directly affected, depending on eligibility and program parameters.
  • Municipalities and the administering authorities overseeing OPRA would implement the revised framework, including application processing, financial arrangements, and compliance monitoring.
  • Taxing jurisdictions participating in any tax increment financing (TIF) or similar capture mechanisms connected to OPRA projects could experience modified flows or eligibility rules.
  • Communities and economic development stakeholders seeking to revive obsolete properties would be affected by any changes that broaden or narrow project viability, investment thresholds, or timelines.

Procedural and timeline aspects

  • Status: Introduced on February 19, 2026.
  • Action: Referred to the Committee on Regulatory Affairs for consideration.
  • As a bill in committee, it will undergo hearings, potential amendments, and vote(s) before full chamber consideration. If advanced, the bill would continue through the legislative process (second chamber, potential conference committee, and final enactment) with a potential effective date specified in the bill or upon enactment.

Potential impacts to watch

  • Any expansion of eligibility could increase participation by property owners seeking rehabilitation incentives.
  • Changes to financial parameters (e.g., tax capture limits, repayment terms) could affect the economic viability and risk profile of projects.
  • Enhanced oversight or reporting requirements could increase administrative burden but improve transparency.
  • Stakeholders should monitor committee discussions for specific amendments that define the scope of “obsolete property,” project size limits, eligible costs, and sunset or renewal provisions.

Note: The available information does not include the bill’s exact textual amendments. For a precise understanding, the full amended language and a bill digest from the Legislature’s site or legislative analysis would be required.

Compiled from official sources — confirm details with the bill’s official record.

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