Appropriations: supplemental; funding for the strategic outreach and attraction reserve fund; modify. Creates appropriation act & repeals secs. 109, 351, 352 & 353, art. 9 of 2024 PA 121.

SB 489 provides supplemental funding for Michigan's Strategic Outreach and Attraction Reserve Fund, managed by the Department of Labor and Economic Opportunity (DOLEO), for fiscal year 2024-2025. The bill creates a new appropriation act to allocate this funding while repealing outdated sections (109, 351, 352, and 353) of a prior law (2024 PA 121). This funding supports state efforts to attract businesses and economic development initiatives. The bill directly affects DOLEO's budget operations and modifies existing financial authorization provisions. It is a procedural funding measure with no new policy mandates.