Economic development: other; joint exercise of a power, privilege, or authority related to the economic development of this state; prohibit. Amends secs. 4, 5 & 7 of 1967 (Ex Sess) PA 7 (MCL 124.504 et seq.).

HB 5244 amends Michigan's Urban Cooperation Act to prohibit certain economic development agencies from jointly exercising powers with other public entities. Specifically, it blocks the Michigan Strategic Fund and other state agencies created for economic development (like regional development authorities) from entering into interlocal agreements for shared economic development activities. The bill targets Section 4(2) of the act, preventing these agencies from partnering with local governments, other states, or federal entities on projects like tax incentives, infrastructure, or business attraction. This change directly affects state economic development agencies and their ability to collaborate on initiatives under existing interlocal agreement rules.