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MI SB1252
Bill
AI Summary
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Creates the Flint settlement trust fund within the state treasury to address consolidated water cases known as In re Flint Water Cases, No. 5:16-cv-10444-JEL-MKM (ED Mich)
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Appropriates approximately $35,000,000 annually from the general fund to the Flint settlement trust fund for each fiscal year from 2021-2022 through fiscal year ending September 30, 2051
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Authorizes the Special Purpose FWC Settlement Entity to pledge and assign payments from the fund in connection with loans under the Michigan strategic fund act, and to pay associated expenses and fees
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Establishes that payments represent settlement offers and do not constitute admission of liability by the state or waiver of available defenses in litigation
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Takes immediate effect on December 30, 2020
Legislative Description
State financing and management: funds; Flint settlement trust fund; provide for. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds sec. 11.
State financing and management: funds
Last Action
Assigned Pa 0359'20 With Immediate Effect
12/30/2020