Economic development: Michigan strategic fund; good jobs for Michigan program; modify. Amends secs. 9, 90g & 90h of 1984 PA 270 (MCL 125.2009 et seq.).

This bill modifies the Michigan Strategic Fund Act to require the fund to submit a detailed annual report detailing its activities and financial assistance programs. The report must include specific data such as the number and average salary of new and retained jobs, the amount of money returned to the fund, and the status of all loans. Additionally, the legislation mandates that the fund immediately notify legislative leaders and relevant committees if any recipient receiving over $500,000 in assistance files for bankruptcy. The bill also requires an annual audit by the auditor general to assess the fund's ability to meet its obligations and makes these reports and audits available to the public online.