MI SB0466

Amends section 10 of the Michigan Transportation Fund statute to allocate revenue collected under the Michigan Regulation and Taxation of Marihuana Act to the transportation fund distribution formula.

Maintains existing fund allocation percentages: 39.1% to state trunk line fund, 39.1% to county road commissions, and 21.8% to cities and villages after designated appropriations.

Authorizes state transportation commission to issue bonds or notes of at least $30,000,000 to supplement local bridge program funding.

Takes effect October 1, 2022, contingent upon enactment of Senate Bill 465 of the 101st Legislature.