Economic development: other; Michigan trust fund act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 2, 7, 8 & 11 of 2000 PA 489 (MCL 12.252 et seq.) & repeals sec. 4 of 2000 PA 489 (MCL 12.254). TIE BAR WITH: SB 0631'25

This bill amends Michigan's Trust Fund Act to remove references to the Michigan Strategic Fund, which has been eliminated. It specifically repeals the section establishing the Strategic Outreach and Attraction Reserve Fund and updates definitions and provisions in sections 2, 7, 8, and 11 of the act. The bill does not alter the operation of other trust funds like the 21st Century Jobs Trust Fund or Flint Settlement Trust Fund. These changes are administrative, ensuring the trust fund act accurately reflects current state financial structures without creating new policy impacts.