Economic development: brownfield redevelopment authority; disbursing of funds without a required legislative report; prohibit. Amends secs. 8a & 16 of 1996 PA 381 (MCL 125.2658a & 125.2666). TIE BAR WITH: HB 5417'25

HB 5412 removes a requirement that the Michigan Strategic Fund must submit an annual legislative report before disbursing funds for brownfield redevelopment projects. This change allows the fund to release money for grants and loans to developers and property owners working on contaminated site cleanups without waiting for the report. The bill specifically amends sections 8a and 16 of Michigan's Brownfield Redevelopment Financing Act to eliminate this reporting barrier. The change directly affects the Michigan Strategic Fund, developers using the brownfield program, and communities seeking to redevelop contaminated properties.