Economic development: Michigan strategic fund; compliance with the Uyghur forced labor prevention act; provide for. Amends sec. 4 of 1984 PA 270 (MCL 125.2004) & adds sec. 7c.

SB 715 amends Michigan’s Strategic Fund Act to require the Michigan Strategic Fund to comply with the federal Uyghur Forced Labor Prevention Act (UFLPA) when making investments. This means the fund cannot use state money to support economic development projects involving goods produced using forced labor from Xinjiang, China. The bill directly affects the Michigan Strategic Fund (which manages state economic development grants) and businesses receiving those funds. It adds a new requirement (Section 7c) to prevent state resources from indirectly supporting forced labor, aligning with federal law. The bill is currently pending review in the Senate Finance Committee.