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MI HB4957
Bill
Status
9/16/2025
Primary Sponsor
Ken Borton
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AI Summary
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Eliminates the requirement to deposit $17,500,000 annually of tobacco settlement revenue into the countercyclical budget and economic stabilization fund, which was previously mandated from fiscal year 2015 through fiscal year 2035
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Maintains the existing requirement to deposit $75,000,000 annually of tobacco settlement revenue into the 21st century jobs trust fund through fiscal year 2026
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Amends the Michigan Trust Fund Act (2000 PA 489) by removing subsection 7 related to the countercyclical budget fund deposits and renumbering the remaining subsections
Legislative Description
State finance: bonds; tobacco settlement funds; modify. Amends sec. 7 of 2000 PA 489 (MCL 12.257).
State finance: bonds
Last Action
Bill Electronically Reproduced 09/16/2025
9/17/2025