Economic development: other; Michigan economic growth authority act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 3 of 1995 PA 24 (MCL 207.803) & adds sec. 3a. TIE BAR WITH: SB 0631'25

SB 651 amends Michigan's Economic Growth Authority Act to update legal references, removing all mentions of the now-eliminated Michigan Strategic Fund. The bill specifically revises Section 3 of the 1995 law and adds a new Section 3a to reflect that the Michigan Economic Growth Authority (MEGA) now operates under Executive Reorganization Order 2012-4 instead of the former fund. This is a procedural update to the statute, not a change to program rules or eligibility for businesses. It affects only the legal text of the law, ensuring it accurately describes current state authority structures without impacting how businesses apply for or receive tax credits under the act.