MI SB1008

Creates and maintains an administration fund in the Department of Treasury to cover unemployment agency administrative costs, with balances carrying over annually rather than reverting to the general fund.

Establishes a contingent fund receiving solvency taxes and interest/penalties collected under the act, with funds appropriated for workforce training programs and talent investment agency operations without regard to fiscal year.

Requires replacement of any federal funds lost or misexpended by the unemployment agency from state general funds, with the responsible director held personally liable for the replacement amount.

Restricts contingent fund expenditures to ensure they do not substitute for available federal grants to the unemployment agency.

Transfers $10,000,000 from the contingent fund to the state general fund for the fiscal year ending September 30, 2017 only.