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SB 668

Economic development: other; brownfield redevelopment financing act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 2, 8a, 14a & 15b of 1996 PA 381 (MCL 125.2652 et seq.). TIE BAR WITH: SB 0631'25

2025-2026 Regular Session Introduced by Thomas Albert

Removes Michigan Strategic Fund references from brownfield redevelopment law as fund is eliminated, but doesn't clearly specify replacement funding mechanisms.

REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS
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Bill Summary · SB 668

Legislative bill overview

SB 668 amends Michigan's Brownfield Redevelopment Financing Act to remove references to the Michigan Strategic Fund, which is being eliminated. The bill updates outdated statutory language across four sections of the 1996 Public Act 381 to reflect this institutional change and is tied to companion bill SB 631.

Why is this important

Brownfield redevelopment—transforming contaminated or underutilized industrial sites into productive uses—is a key economic development tool for Michigan's communities. Updating the statutory framework ensures the brownfield financing program continues operating smoothly without references to a defunct funding mechanism, preventing legal ambiguity or implementation gaps.

Potential points of contention

  • Funding replacement unclear: The bill eliminates references to the Michigan Strategic Fund without explicitly detailing how brownfield financing will be funded going forward, raising questions about continuity of financial support
  • Scope of amendments vague: The bill's language (amending "secs. 2, 8a, 14a & 15b") doesn't provide specific details about what alternative mechanisms replace the Strategic Fund's role
  • Tie-bar dependency: The bill's effectiveness depends on companion legislation (SB 631), creating uncertainty about the complete reform package until both bills advance

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

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