MI SB1070

Amends MCL 257.819 to modify fund allocation requirements for revenue from vehicle registration fee increases established in 1987 PA 232.

For fiscal year ending September 30, 2020 only, directs $13,000,000.00 in revenue from fee increases to be deposited in the state general fund instead of the transportation economic development fund.

For fiscal year ending September 30, 2021 only, directs an additional $13,000,000.00 in revenue from fee increases to be deposited in the state general fund instead of the transportation economic development fund.

Maintains existing requirement that $2,500,000.00 annually (with up to $1,000,000.00 going to gasoline inspection fund) continues to be credited to the general fund as established in subsection (2).

Takes immediate effect upon approval on October 15, 2020.