Economic development: other; certain funds; require to be returned to the general fund. Amends sec. 4 of 2000 PA 489 (MCL 12.254). TIE BAR WITH: HB 4771'25

HB 4772 would require unspent funds in Michigan's Strategic Outreach and Attraction Reserve Fund to be returned to the state's general fund at year-end, rather than remaining in the reserve as currently allowed. This affects the Department of Labor and Economic Opportunity, which manages the fund, and applies to money restricted for two specific programs: the Critical Industry Program and the Michigan Strategic Site Readiness Program. The bill amends existing law to change the fund's handling of unspent balances, ensuring they flow back to the general fund instead of being retained. This is a procedural change to fund management, not a new policy or program.