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MI HB4351

Bill

Official Source

Status

Introduced

4/11/2023

Primary Sponsor

Amos O'Neal

Click for details

Origin

House of Representatives

102nd Legislature

AI Summary

  • Creates the "Raise Up Local Grant Fund" within the state treasury to provide matching state grants to eligible municipalities
  • Authorizes the state treasurer to receive money from any source, invest fund assets, and credit interest and earnings back to the fund
  • Designates the Department of Treasury as administrator of the fund for auditing purposes and restricts fund expenditures to distributing matching grants to eligible municipalities as defined in the Raise Up Local Grant Act
  • Specifies that unspent money in the fund does not lapse to the general fund at the end of the fiscal year
  • Takes effect only if Senate Bill No. ____ or House Bill No. 4350 is enacted into law

Legislative Description

Property tax: millage; fund for matching state grant program for certain local millages; create. Creates new act. TIE BAR WITH: HB 4350'23

Property tax: millage

Last Action

Bill Electronically Reproduced 04/11/2023

4/12/2023

Committee Referrals

Tax Policy4/11/2023

Full Bill Text

No bill text available