Economic development: other; Michigan BIDCO act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 104 & 105 of 1986 PA 89 (MCL 487.1104 & 487.1105). TIE BAR WITH: SB 0631'25

SB 636 amends the Michigan BIDCO Act to update references to the Michigan strategic fund, which has been eliminated. It revises Sections 104 and 105 to replace the fund's name with the Bureau of Fair Competition and Free Enterprise, effective when the related economic development fair competition and free enterprise act takes effect. This change ensures the BIDCO Act's definitions align with current state economic development oversight structures. The bill depends on the passage of SB 631 to become effective.