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MI SB1066
Bill
AI Summary
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Transfers $37,126,100.00 from the Michigan film promotion fund to the general fund for the fiscal year ending September 30, 2020 only.
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Maintains the Michigan film promotion fund within the state treasury to receive money from fees, proceeds, and appropriations for film and digital media production assistance.
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Allows the state treasurer to invest promotion fund money and credit interest and earnings back to the fund.
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Permits expending promotion fund money upon appropriation to support office functions and other purposes authorized under state law.
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Took effect immediately upon Governor's approval on October 15, 2020.
Legislative Description
State financing and management: funds; fund shift for the Michigan film promotion fund; provide for. Amends sec. 29d of 1984 PA 270 (MCL 125.2029d).
State financing and management: budget
Last Action
Assigned Pa 0199'20 With Immediate Effect
10/21/2020