Economic development: Michigan strategic fund; Michigan strategic fund act; amend to reflect elimination of the strategic outreach and attraction reserve fund, Michigan strategic site readiness program, and critical industry program. Amends sec. 9 of 1984 PA 270 (MCL 125.2009). TIE BAR WITH: HB 5294'25

HB 5297 amends Michigan's Strategic Fund Act to remove references to three discontinued economic development programs: the Strategic Outreach and Attraction Reserve Fund, the Michigan Strategic Site Readiness Program, and the Critical Industry Program. The bill updates Section 9 of the act to eliminate reporting requirements for these programs in the fund's annual reports to the legislature and public. This change streamlines the fund's reporting process by removing outdated program references from the law. The amendment ensures the Strategic Fund's administrative requirements align with its current program structure.