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SB 649

Economic development: other; state convention facility development act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 10 of 1985 PA 106 (MCL 207.630). TIE BAR WITH: SB 0631'25

2025-2026 Regular Session Introduced by Thomas Albert

SB 649 removes Michigan Strategic Fund references from state convention facility law, eliminating a prior economic development funding mechanism without clarifying replacement financing options.

REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS
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Bill Summary · SB 649

Legislative bill overview

SB 649 amends Michigan's State Convention Facility Development Act by removing references to the now-defunct Michigan Strategic Fund. The bill updates statutory language to reflect the elimination of this economic development funding mechanism, which previously supported convention facility projects and other strategic economic initiatives.

Why is this important

The Michigan Strategic Fund was a significant tool for economic development financing. This amendment is necessary housekeeping legislation to prevent statutory conflicts and confusion, but it also signals the loss of a dedicated funding source for convention facilities and related projects. Communities relying on this program may need alternative financing mechanisms.

Potential points of contention

  • Loss of funding mechanism: Eliminates a dedicated revenue stream for convention facility development without explicitly establishing replacement funding sources
  • Economic development strategy shift: Suggests a broader change in Michigan's approach to economic development incentives that may concern business and tourism communities
  • Implementation details unclear: The amendment doesn't specify how future convention facility projects will be financed or managed post-elimination

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

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