Michigan SB1191: Economic development: other; mass timber loan and technical assistance programs and mass timber revolving loan fund; create. Amends sec. 9 of 1984 PA 270 (MCL 125.2009) & adds ch. 8F.

What the bill says

To amend 1984 PA 270, entitled "Michigan strategic fund act," by amending section 9 (MCL 125.2009), as amended by 2024 PA 117, and by adding chapter 8F.

From the introduced text, October 1, 2026:

A bill to amend 1984 PA 270, entitled "Michigan strategic fund act," by amending section 9 (MCL 125.2009), as amended by 2024 PA 117, and by adding chapter 8F. the people of the state of michigan enact: Sec. 9. (1) The fund shall transmit to each member of the legislature, the governor, the clerk of the house of representatives, the secretary of the senate, and the senate and house fiscal agencies annually a report of its activities. The report must be transmitted not later than April 10 of each year for activities in the immediately preceding state fiscal year. The report must not include information exempt from disclosure under section 5. The report must include, but is not limited to, all of the following for each program operated under this act: (a) A list of entities that received financial assistance. (b) The type of project or product being financed. (c) The amount and type of financial assistance. (d) For each separate form of financial assistance, all of the following: (i) The number of new jobs committed or projected when the financial assistance was applied for. (ii) The number of retained jobs committed or projected when the financial assistance was applied for. (iii) The actual number of new jobs created that are not temporary employees. (iv) The actual number of retained …

Read the full official text

Sponsors

• Singh, Sam (D, 28) · primary sponsor

Latest actions

1. October 1, 2026: REFERRED TO COMMITTEE ON ECONOMIC AND COMMUNITY DEVELOPMENT
2. October 1, 2026: INTRODUCED BY SENATOR SAM SINGH

Common questions

What is SB1191?

SB1191 is a bill in the Michigan Legislature (103rd Legislature): Economic development: other; mass timber loan and technical assistance programs and mass timber revolving loan fund; create. Amends sec. 9 of 1984 PA 270 (MCL 125.2009) & adds ch. 8F.

What does SB1191 do?

In its own words: To amend 1984 PA 270, entitled "Michigan strategic fund act," by amending section 9 (MCL 125.2009), as amended by 2024 PA 117, and by adding chapter 8F.

What is the status of SB1191?

In committee as of October 1, 2026. Latest action: REFERRED TO COMMITTEE ON ECONOMIC AND COMMUNITY DEVELOPMENT (October 1, 2026).

Who sponsored SB1191?

Singh, Sam (D, 28).

Where is the official record for SB1191?

On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-SB-1191