Economic development: Michigan strategic fund; good jobs for Michigan program; modify. Amends secs. 9, 90g & 90h of 1984 PA 270 (MCL 125.2009 et seq.). TIE BAR WITH: SB 0580'23

This bill modifies the Michigan Strategic Fund Act to require the fund to submit a detailed annual report detailing its activities and financial assistance. The report must include specific data on every recipient, such as the types of projects funded, the amount of money given, and the actual number and average salary of new or retained jobs created. Additionally, the legislation mandates that the fund immediately notify legislative leaders and relevant committees if a recipient of significant funding files for bankruptcy. The bill also requires an annual audit by the auditor general to assess the fund's ability to meet its financial obligations and makes these reports and audits available to the public online.