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MI SB0670
Bill
Status
6/25/2009
Primary Sponsor
Randy Richardville
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AI Summary
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Establishes the Michigan Transportation Fund as a trust fund in the state treasury, receiving revenue from motor fuel taxes, vehicle registration fees, and motor carrier fees.
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Restricts investment income from the fund so it cannot be used for the department's administrative expenses and must be deposited back into the Michigan Transportation Fund.
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Caps appropriations from the Michigan Transportation Fund for department administration and enforcement at $20,000,000 per state fiscal year.
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Allocates Michigan Transportation Fund revenue through a formula: state trunk line fund (39.1%), county road commissions (39.1%), cities and villages (21.8%), local bridge fund, comprehensive transportation fund, and other specified purposes.
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Creates a Local Bridge Fund with $3,000,000 minimum annual appropriation and establishes a local bridge advisory board and regional bridge councils to distribute funds for bridge preservation, improvement, and reconstruction projects.
Legislative Description
Transportation; funds; Michigan transportation fund; reclassify as a trust fund and restrict disposition of interest and earnings. Amends sec. 10 of 1951 PA 51 (MCL 247.660).
Transportation, funds
Last Action
Referred To Committee Of The Whole
8/19/2009