Loading chat...
MI HB5744
Bill
Status
3/22/2018
Primary Sponsor
Tommy Brann
Click for details
AI Summary
-
Establishes the Michigan Coalition Against Homelessness Fund in the Department of Treasury to provide funding for the Michigan Coalition Against Homelessness organization to prevent and end homelessness in the state.
-
Requires the State Treasurer to credit to the fund all amounts appropriated under Section 435 of the Income Tax Act of 1967, along with any interest, earnings, and other donations received.
-
Directs the State Treasurer to manage the investment of fund money.
-
Allows fund money to be used as matching funds for federal grants if those funds support homelessness prevention and intervention efforts.
-
Specifies that annual appropriations are required for fund distribution and that unspent money remains in the fund without lapsing to the general fund.
-
Takes effect only if Senate Bill ____ or House Bill 5745 of the 99th Legislature is enacted into law.
Legislative Description
Individual income tax; other; Michigan coalition against homelessness fund act; create. Creates new act. TIE BAR WITH: HB 5745'18
Individual income tax: other
Last Action
Bill Electronically Reproduced 03/22/2018
4/10/2018