May 8, 2014, Introduced by Reps. Stallworth and Walsh and referred to the Committee on Detroit's Recovery and Michigan's Future.
A bill to amend 1984 PA 431, entitled
"The management and budget act,"
by amending section 358 (MCL 18.1358), as amended by 2002 PA 504.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 358. (1) Except as otherwise provided in this section,
the legislature may make an emergency appropriation from the fund
subject to all of the following conditions:
(a) The maximum appropriation from the fund for budget
stabilization as provided in section 352(2) has already been made
for the current fiscal year.
(b) The legislature has approved the emergency appropriations
bill by a 2/3 majority vote of the members elected to and serving
in each house.
(c) The emergency appropriations bill becomes law.
(2) The additional transfer from the fund may be made only for
the current fiscal year.
(3) For the fiscal year ending September 30, 2001, the fiscal
year ending September 30, 2002 and for each fiscal year beginning
with the fiscal year ending September 30, 2004 and ending with the
fiscal year ending September 30, 2016, there is appropriated and
transferred from the fund to the state trunk line fund established
under section 11 of 1951 PA 51, MCL 247.661, the sum of
$35,000,000.00.
(4) For the fiscal year ending September 30, 2000, there is
appropriated and transferred from the fund to the state trunk line
fund established under section 11 of 1951 PA 51, MCL 247.661, the
sum of $37,100,000.00.
(5) For the fiscal year ending September 30, 2000, an amount
equal to the unreserved general fund/general purpose balance
transferred to the fund for the fiscal year ending September 30,
2000, but not to exceed $62,900,000.00, is appropriated and
transferred from the fund to the state trunk line fund established
under section 11 of 1951 PA 51, MCL 247.661.
(6) For the fiscal year ending September 30, 2014, there is
hereby transferred and appropriated $194,800,000.00 from the fund
to the settlement administration fund created in the Michigan
settlement administration authority act for the purposes described
in that act.