Substitute For

HOUSE BILL NO. 5165

A bill to amend 1984 PA 270, entitled

"Michigan strategic fund act,"

(MCL 125.2001 to 125.2094) by adding section 15.

the people of the state of michigan enact:

Sec. 15. Beginning April 1, 2025, the fund shall include in its written agreements provisions for an event of default and clawback of funds for a recipient of funds, including a loan, a grant, or funding or other assistance for a project under this act, if the recipient reports a new listing on the registry described in section 7 of the call center jobs retention act during the term of the agreement.

Enacting section 1. This amendatory act takes effect 90 days after the date it is enacted into law.

Enacting section 2. This amendatory act does not take effect unless House Bill No. 5164 of the 102nd Legislature is enacted into law.