HB 5137 Summary

• Appropriates $725,300,000 in supplemental funding for fiscal year ending September 30, 2023, with $330,000,000 from state general fund and $395,300,000 from special revenue funds.

• Allocates $395,300,000 to Department of Labor and Economic Opportunity, including $210,000,000 for Critical Industry Program and $185,300,000 for Michigan Strategic Site Readiness Program.

• Allocates $330,000,000 to State Transportation Department for one-time economic development project funding.

• Establishes that total state spending from state sources is $725,300,000 with $0 to be paid to local units of government.

• Prohibits expenditure of funds for any economic development project that has been canceled or placed on indefinite hold.