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MI HB5676
Bill
Status
5/24/2012
Primary Sponsor
Eileen Kowall
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AI Summary
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Transfers up to $290,000,000 from the fund into the state water pollution control revolving fund created under the shared credit rating act.
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Transfers up to $710,000,000 from the fund into the strategic water quality initiatives fund.
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Allows the Department of Treasury to use fund money to pay for costs of issuing bonds and expenses under section 19703(3).
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Requires the auditor general to audit fund expenditures by December 14, 2012, and update the audit by December 14, 2014, to ensure compliance with law.
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Bill effectiveness is conditional on the enactment of House Bills 5673, 5674, and 5675.
Legislative Description
Water; quality; transfer of money from the Great Lakes water quality bond fund; modify distributions. Amends sec. 19708 of 1994 PA 451 (MCL 324.19708). TIE BAR WITH: HB 5673'12, HB 5674'12, HB 5675'12
Environmental protection, water pollution
Last Action
Referred To Committee On Natural Resources, Environment And Great Lakes
11/28/2012