MI SB0415

Creates a road and bridge fund within the state treasury to receive money and assets from any source for road and bridge purposes.

Distributes fund money as follows: 39.1% to the state transportation department, 39.1% to county road commissions, and 21.8% to cities and villages.

Designates the state treasurer to manage fund investments and credit interest and earnings back to the fund.

Provides that unspent fund money at fiscal year end remains in the fund and does not revert to the general fund.

Takes effect 90 days after enactment into law.