Economic development: other; economic development corporations act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 23 of 1974 PA 338 (MCL 125.1623). TIE BAR WITH: SB 0631'25

SB 660 amends Michigan's Economic Development Corporations Act (1974 PA 338) to update references to the eliminated Michigan Strategic Fund. It modifies Section 23 to remove outdated language about the Strategic Fund, ensuring the law reflects current state structures. The bill does not change how development corporations issue bonds for projects, manage tax exemptions on bonds, or report financial activities to the Michigan Economic Development Corporation. This is a procedural update to align the statute with existing administrative changes.