Economic development: other; strategic outreach attraction and reserve fund and related programs; repeal. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & repeals sec. 4 of 2000 PA 489 (MCL 12.254) & secs. 88s & 88t of 1984 PA 270 (MCL 125.2088s & 125.2088t).

HB 5294 repeals specific sections of Michigan law that referenced the "Strategic Outreach and Attraction Reserve Fund" (created under Section 4 of the Michigan Trust Fund Act, 2000 PA 489) and related provisions in the Michigan Strategic Fund Act (1984 PA 270). This bill does not create or modify any funding programs - it only removes outdated legal references to these provisions. The repeal affects how the law formally describes these funds, but has no direct impact on current funding mechanisms or beneficiaries. As a procedural repeal, it simplifies the legal code by eliminating obsolete references.