Appropriations: supplemental; funding for certain nonprofit organizations; provide for. Amends sec. 9 of 1984 PA 270 (MCL 125.2009) & adds ch. 8H. TIE BAR WITH: HB 4999'25

HB 4998 amends Michigan's Strategic Fund Act to require detailed annual reporting on state economic development funding. It mandates that the fund publicly disclose specific data for all recipients - including jobs created (including salaries), project types, financial assistance amounts, and repayment details - via its website and to lawmakers. The bill also requires immediate public reporting of bankruptcies involving recipients of large incentives ($500,000+), along with expanded reporting on tourism promotions, business development campaigns, and community revitalization projects. These provisions aim to increase transparency and accountability for how state funds are used to support nonprofits and businesses.