Economic development: Michigan strategic fund; posting of information on website; modify. Amends secs. 88b & 88r of 1984 PA 270 (MCL 125.2088b & 125.2088r).

HB 5418 requires the Michigan Strategic Fund to post on its website details about businesses that received state economic assistance (grants, loans, or other aid) and later ceased operations in Michigan. Specifically, the notice must include the business name, assistance type and amount, and whether repayment is likely if the business breached its agreement. This amendment to Section 88b(10) of the Michigan Strategic Fund Act focuses on transparency, not changing how funds are distributed. It directly affects businesses receiving state economic assistance that shut down, requiring the fund to publicly report their status.