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MI HB4772
Bill
Status
8/19/2025
Primary Sponsor
Ann Bollin
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AI Summary
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Amends the Michigan Trust Fund Act to modify rules for the Strategic Outreach and Attraction Reserve Fund administered by the Department of Labor and Economic Opportunity
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Adds an exception allowing money in the fund to lapse to the general fund as provided in the Michigan Strategic Fund Act, rather than automatically remaining in the reserve fund when restricted, obligated, or committed at fiscal year close
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Maintains that fund expenditures require legislative appropriation or transfer for the Critical Industry Program and Michigan Strategic Site Readiness Program
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Contains a tie bar provision requiring HB 4771 to be enacted into law before this amendatory act takes effect
Legislative Description
Economic development: other; certain funds; require to be returned to the general fund. Amends sec. 4 of 2000 PA 489 (MCL 12.254). TIE BAR WITH: HB 4771'25
Economic development: other
Last Action
Bill Electronically Reproduced 08/19/2025
8/20/2025