MI SB0105

Creates the movable bridge fund as a separate account in the state treasury, funded with $5,000,000 annually from motor fuel tax revenue, with annual adjustments based on Detroit consumer price index increases.

Authorizes the Department of Transportation to enter into contracts with owners or agencies of publicly owned movable bridges to operate those bridges, with contractors required to maintain specified insurance coverage.

Requires owners and agencies of publicly owned movable bridges to submit operational procedures and costs annually to the department, which develops statewide operational estimates and distributes movable bridge fund money proportionally to bridge operators.

Establishes the local agency wetland mitigation bank fund with a $2,000,000 annual appropriation, capped at $5,000,000 balance, to provide grants to local road agencies for wetland mitigation bank engineering, land purchase, construction, monitoring, and maintenance.

Creates a 9-member local agency wetland mitigation bank advisory board with representatives from county road associations and municipal leagues to oversee grant applications, with decisions deemed approved if not rejected within 90 days.