Economic development: brownfield redevelopment authority; environmental brownfield redevelopment program; modify. Amends secs. 19608a, 19608b, 19609, 19610, 19610a, 19611, 19612, 19613, 20108b & 21506a of 1994 PA 451 (MCL 324.19608a et seq.) & adds pt. 192.

HB 5286 establishes a formal brownfield redevelopment grant and revolving loan program under Michigan's environmental law. The program provides funding to local governments (counties, cities, townships) for eligible cleanup and redevelopment activities at contaminated properties, including environmental assessments, site remediation, and demolition. Projects must demonstrate measurable economic benefits (like job creation or tax revenue) and environmental benefits (advancing cleanup standards), with grants/loans capped at $2 million per project. Applicants must prove financial capability, show compliance with environmental laws, and avoid being responsible for the site's contamination. The program draws from existing funds like the Clean Michigan Initiative Bond Fund and the State Brownfield Redevelopment Fund.