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HB 4489

State management: funds; distributions from the strategic outreach and attraction reserve fund; modify. Amends sec. 4 of 2000 PA 489 (MCL 12.254).

2025-2026 Regular Session Introduced by Greg Alexander and 11 co-sponsors

HB 4489 modifies Michigan's Strategic Outreach and Attraction Reserve Fund distribution rules to adjust state economic development spending authority and flexibility.

bill electronically reproduced 05/13/2025
#economicdevelopment:other #statemanagement:funds
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Bill Summary · HB 4489

Legislative bill overview

HB 4489 modifies Michigan's Strategic Outreach and Attraction Reserve Fund (established in 2000) by amending how distributions from this fund can be made. The bill adjusts the rules governing when and how the state can access money from this reserve account that's typically used for economic development and business attraction initiatives.

Why is this important

The Strategic Outreach and Attraction Reserve Fund is a key financial tool Michigan uses to compete for major business investments and economic development projects. Changes to how this money can be distributed directly affect the state's flexibility in responding to business recruitment opportunities and could impact the state budget's overall management of discretionary funds.

Potential points of contention

  • Lack of specific details: The bill summary doesn't specify what modifications are being made to distribution rules, making it unclear whether this expands or restricts state spending authority
  • Economic development priorities: Stakeholders may disagree on whether changes help or hinder Michigan's competitiveness in attracting major employers and investments
  • Fiscal responsibility concerns: Questions about whether modifications improve budget discipline or reduce the state's ability to respond strategically to economic opportunities

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

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