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MI HB6121
Bill
Status
10/1/2020
Primary Sponsor
Abdullah Hammoud
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AI Summary
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Authorizes a one-time transfer of $54,000,000 from the 21st century jobs trust fund to the general fund for the fiscal year ending September 30, 2020.
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Maintains existing provisions for the 21st century jobs trust fund, including investment authority and annual deposits of tobacco settlement revenue.
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Specifies that interest and earnings from the fund's investments continue to be deposited in the general fund.
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Effective immediately upon enactment on October 1, 2020.
Legislative Description
State financing and management: funds; fund shift for the 21st century jobs fund; provide for. Amends sec. 7 of 2000 PA 489 (MCL 12.257).
State financing and management: budget
Last Action
Assigned Pa 171'20 With Immediate Effect
10/1/2020