Economic development: brownfield redevelopment authority; environmental brownfield redevelopment program; modify. Amends 1994 PA 451 (MCL 324.101 - 324.90106) by adding pt. 192.

This bill modifies Michigan's Natural Resources and Environmental Protection Act to establish a new brownfield redevelopment grant and revolving loan program. The program is designed to help local governments, such as cities, counties, and townships, clean up and redevelop contaminated properties known as brownfields. To receive funding, applicants must demonstrate administrative capability, provide proof of recent financial audits, and show that the project will create measurable economic benefits like new jobs or increased tax revenue. Grants and loans are capped at $2 million per year per project, though larger amounts may be available for projects with significant benefits if specific performance benchmarks are met. The funds can cover various cleanup activities, including environmental assessments, hazardous material removal, and industrial cleaning, provided the responsible party for the contamination is not the property owner receiving the money.