Economic development: Michigan strategic fund; compliance with the Uyghur Forced Labor Prevention Act; provide for. Amends sec. 4 of 1984 PA 270 (MCL 125.2004) & adds sec. 7c.

This bill updates the Michigan Strategic Fund Act to clarify definitions and compliance requirements for economic development projects. It specifically adds a new section requiring the fund to ensure its investments comply with the federal Uyghur Forced Labor Prevention Act. The legislation also expands the list of eligible projects to include various port facilities and provides a detailed definition of green chemistry principles. These changes directly affect the Michigan Strategic Fund, the Michigan Economic Development Corporation, and businesses seeking financing for industrial, commercial, or agricultural ventures in the state.