2023 House Bill 4425

State: interstate compacts and agreements; incentives to encourage companies to relocate from one state to another; prohibit.

A bill to amend 1984 PA 270, entitled “Michigan strategic fund act,” (MCL 125.2001 to 125.2094) by adding section 15.

Mackinac Center Analysis

Proposes an amendment to the Michigan Strategic Fund Act of 1984 by adding section 15, which stipulates that starting from October 1, 2023, the fund is prohibited from financing, supporting, or providing loans, grants, or other assistance to any project, economic development project, or entity that would violate the company-specific subsidy interstate compact act.

Introduced in the House

April 13, 2023

Introduced by Rep. Dylan Wegela (D-26)

Referred to the Committee on Economic Development and Small Business