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MI HB6445
Bill
Status
10/4/2018
Primary Sponsor
Jeffrey Yaroch
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AI Summary
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Declares all money and assets of the Michigan Strategic Fund to be public money that can only be disbursed through appropriation.
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Requires $60,000,000 annually from the fund's revenue (from Indian gaming compact receipts and other sources) to be deposited into the Michigan Transportation Fund starting in fiscal year 2018-2019.
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Specifies that the $60,000,000 annual deposit must be distributed according to section 10(1)(l) of the 1951 Michigan Public Act 51.
Legislative Description
Economic development; Michigan strategic fund; certain amount to be appropriated to Michigan transportation fund; allow. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15.
Transportation: funds
Last Action
Bill Electronically Reproduced 10/04/2018
10/17/2018