MI SB1047

Removes the $10,000,000 annual cap on the disaster and emergency contingency fund, replacing it with a requirement that the legislature maintain the fund at a level not less than $2,500,000

Requires the director to administer the fund and make annual accounting of expenditures to the legislature

Allows unexpended and unencumbered funds remaining in the disaster and emergency contingency fund at the end of the fiscal year to carry forward to subsequent fiscal years instead of lapsing to the general fund

Permits the director to expend money from the fund for overtime, travel, subsistence expenses, and other disaster or emergency mitigation needs with gubernatorial concurrence

Authorizes the director to use the fund to pay the state's matching share for federal disaster relief grants under the Robert T. Stafford disaster relief and emergency assistance act when a presidential disaster declaration is made