SB783 — Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.

SB783 — Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c. · Informed CitizenryThis bill amends the Michigan Strategic Fund Act to prohibit publicly traded entities from engaging in stock buybacks while receiving economic incentives. It requires the Michigan Strategic Fund to…Open in Informed Citizenry