Economic development: other; economic development incentive evaluation act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 3, 5 & 7 of 2018 PA 540 (MCL 18.1753 et seq.). TIE BAR WITH: SB 0631'25

SB 644 amends Michigan's Economic Development Incentive Evaluation Act (2018 PA 540) to remove all references to the Michigan Strategic Fund, which has been eliminated. The bill updates definitions and procedures to reflect that the "Michigan Strategic Fund Bureau" now oversees these evaluations, rather than the fund itself. It maintains the existing requirements for periodic evaluations of economic development incentives - every 4-6 years depending on funding levels - and ensures confidential business data remains protected under the Freedom of Information Act. The core evaluation process for tax credits, grants, and other incentives remains unchanged.