Michigan legislation · 103rd Legislature
Michigan HB6355: Commercial code: other; references to uniform commercial code in Michigan strategic fund act; revise. Amends secs. 23, 88s & 88t of 1984 PA 270 (MCL 125.2023 et seq.). TIE BAR WITH: HB 6347'26
Status: In committee, September 24, 2026
What the bill says
To amend 1984 PA 270, entitled "Michigan strategic fund act," by amending sections 23, 88s, and 88t (MCL 125.2023, 125.2088s, and 125.2088t), section 23 as amended by 2020 PA 358, section 88s as added by 2021 PA 136, and section 88t as added by 2021 PA 134.
From the introduced text, September 24, 2026:
A bill to amend 1984 PA 270, entitled "Michigan strategic fund act," by amending sections 23, 88s, and 88t (MCL 125.2023, 125.2088s, and 125.2088t), section 23 as amended by 2020 PA 358, section 88s as added by 2021 PA 136, and section 88t as added by 2021 PA 134. the people of the state of michigan enact: Sec. 23. (1) The fund may borrow money and issue bonds or notes for the following purposes: (a) To provide sufficient funds for achieving the fund's purposes and objectives including, but not limited to, amounts necessary to pay do 1 or more of the following: (i) Pay the costs of acquiring a project or part of a project. ; to make For purposes of this subdivision, the cost of a project includes administrative costs, including, but not limited to, engineering, architectural, legal, and accounting fees that are necessary for the project. (ii) Make loans for the costs of a project or part of a project, including a Special Purpose FWC Settlement Entity. ; to make (iii) Make loans pursuant to in accordance with section 7(r) for an export related transaction. ; for making (iv) Make grants. ; for providing (v) Provide money to guarantee or insure loans, leases, bonds, notes, or other indebtedness. ; for making (vi) Make working capital loans. ; (vii) …
Sponsors
- O'Neal, Amos (D, 94) · primary sponsor
- Wozniak, Douglas (R, 59)
Latest actions
- : bill electronically reproduced 09/24/2026
- : referred to Committee on Finance
- : read a first time
- : introduced by Representative Rep. Amos O'Neal
Subjects: Commercial code: other
Common questions
- What is HB6355?
- HB6355 is a bill in the Michigan Legislature (103rd Legislature): Commercial code: other; references to uniform commercial code in Michigan strategic fund act; revise. Amends secs. 23, 88s & 88t of 1984 PA 270 (MCL 125.2023 et seq.). TIE BAR WITH: HB 6347'26.
- What does HB6355 do?
- In its own words: To amend 1984 PA 270, entitled "Michigan strategic fund act," by amending sections 23, 88s, and 88t (MCL 125.2023, 125.2088s, and 125.2088t), section 23 as amended by 2020 PA 358, section 88s as added by 2021 PA 136, and section 88t as added by 2021 PA 134.
- What is the status of HB6355?
- In committee as of September 24, 2026. Latest action: bill electronically reproduced 09/24/2026 (September 24, 2026).
- Who sponsored HB6355?
- O'Neal, Amos (D, 94), with 1 co-sponsor.
- Where is the official record for HB6355?
- On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6355
Source: official Michigan record. Tracked by Delilah, AI for legislation across all 50 states and Congress.