Economic development: other; 1961 PA 120; amend to reflect elimination of the Michigan strategic fund. Amends sec. 10f of 1961 PA 120 (MCL 125.990f). TIE BAR WITH: SB 0631'25

SB 656 removes references to the Michigan Strategic Fund from a law governing business improvement zones (BIZs). It specifically deletes the definition of "affiliate" that was previously tied to the Strategic Fund's rules (1984 PA 270, Section 90l). This amendment affects how property owner voting is calculated in BIZ elections, ensuring proportional voting rules no longer depend on the eliminated Strategic Fund definition. Core processes like election requirements, city reimbursement for administrative costs, and zone plan adoption remain unchanged.