MI SB1205

Amends MCL 324.2154 to modify how the state treasury pays property tax assessments for state-owned property in assessing districts.

Establishes that for payments made after 2011, if property was purchased with Michigan natural resources trust fund money, all tax payments (both school district assessments and other portions) shall be charged against the Michigan natural resources trust fund.

Creates a new funding source for payment shortfalls: if available funds are insufficient to make full payments to all assessing districts, the countercyclical budget and economic stabilization fund may be appropriated to cover the gap.

Requires proportional distribution of partial payments among assessing districts when general fund or restricted fund amounts are insufficient to cover full obligations.

Specifies that partial payments from the Michigan natural resources trust fund do not satisfy the state's full payment obligations to assessing districts.