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MI HB5574

Bill

Official Source

Status

Passed

7/16/2014

Primary Sponsor

Thomas Stallworth

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Origin

House of Representatives

97th Legislature

AI Summary

  • Establishes conditions for emergency appropriations from the budget stabilization fund, requiring maximum appropriations under section 352(2) to be exhausted first and a 2/3 majority vote in both legislative houses
  • Appropriates and transfers $35,000,000 annually from the budget stabilization fund to the state trunk line fund for fiscal years ending September 30, 2001-2002 and 2004-2016
  • Appropriates $37,100,000 from the budget stabilization fund to the state trunk line fund for fiscal year ending September 30, 2000
  • Transfers up to $62,900,000 of unreserved general fund balance to the state trunk line fund for fiscal year ending September 30, 2000
  • Transfers $194,800,000 from the budget stabilization fund to the settlement administration fund for fiscal year ending September 30, 2014

Legislative Description

State financing and management; funds; budget stabilization fund distribution; provide for. Amends sec. 358 of 1984 PA 431 (MCL 18.1358).

State financing and management, funds

Last Action

Assigned Pa 188'14 With Immediate Effect

7/16/2014

Committee Referrals

Government Operations5/27/2014
Detroit's Recovery And Michigan's Future5/8/2014

Full Bill Text

No bill text available