State management: funds; 21st century jobs trust fund; modify. Amends secs. 7 & 8 of 2000 PA 489 (MCL 12.257 & 12.258). TIE BAR WITH: SB 1072’26
Key claim: SB1073 proposes amendments to sections 7 and 8 of the 21st Century Jobs Trust Fund Act (2000 PA 489) to modify state fund management, tied to SB1072.
Abstract
(SB1073 · 103rd Legislature) State management: funds; 21st century jobs trust fund; modify. Amends secs. 7 & 8 of 2000 PA 489 (MCL 12.257 & 12.258). TIE BAR WITH: SB 1072’26 Latest action (2026-06-24): Referred To Committee On Appropriations
Why this matters
The 21st Century Jobs Trust Fund is a core state vehicle for economic development and business incentives in Michigan, feeding programs administered through the Michigan Strategic Fund. Structural amendments to how the fund is managed affect taxpayers (as the fund draws state revenue), businesses seeking incentives, and the accountability framework around Michigan’s innovation-economy spending. The tie bar to SB 1072 signals a package change worth tracking as it moves.