MI HB4609

Creates and establishes a disaster and emergency contingency fund administered by the director with an annual accounting to the legislature.

Sets fund balance requirements between a minimum of $2,500,000 and maximum of $10,000,000, with unexpended funds carrying forward to subsequent fiscal years rather than lapsing to the general fund.

Authorizes director to expend funds for employee overtime, travel, and subsistence expenses in disaster operations, and for other emergency mitigation needs with governor approval.

Allows director to place federal government reimbursements and other sources directly into the contingency fund.

Requires state treasurer to invest the fund and credit all interest and earnings back to the disaster and emergency contingency fund; takes effect only if HB 4610 is enacted.