Economic development: Michigan strategic fund; allowable use of funds; include small businesses. Amends sec. 9 of 1984 PA 270 (MCL 125.2009) & adds ch. 8F.

HB 6015 amends the Michigan Strategic Fund Act to require the fund to include small businesses in its allowable uses of money. The bill mandates that the fund submit detailed annual reports to state officials and the public, which must list recipients of financial assistance and provide specific data on jobs created, salaries, and project outcomes. Additionally, the legislation requires the fund to report on the status of all loans, bankruptcy notices for major recipients, and administrative costs, while also making annual audits publicly available.