FY 2020-21 SUPPLEMENTAL SB. 749 (S-2)
SUMMARY OF BILL
ON THIRD READING
Senate Bill 749 (Substitute S-2 as reported by the Committee of the Whole)
Sponsor: Senator Jim Stamas
Senate Committee: Appropriations (discharged)
CONTENT
The supplemental would provide $250.55 million Gross, $550,000 in Federal Coronavirus Relief Fund (CRF) dollars, and $250.0 million General Fund/General Purpose (GF/GP) in funding, with $250.0 million of that funding being designated to support an extension of unemployment benefits from 20 to 26 weeks between January 1, 2021, and March 31, 2021. Table 1 summarizes the appropriations in the supplemental.
Table 1
FY 2020-21 Supplemental Appropriations |
||
Budget Area |
Gross |
GF/GP |
Labor & Econ. Opportunity |
$250,550,000 |
$250,000,000 |
TOTAL |
$250,550,000 |
$250,000,000 |
FISCAL IMPACT
The bill provides line-item appropriations of $250.55 million Gross and $250.0 million GF/GP in the Department of Labor and Economic Opportunity. Table 2 summarizes the details of the appropriations in the supplemental.
FY 2020-21 BOILERPLATE LANGUAGE SECTIONS-PART 2
Sec. 201. General. Records amount of total State spending and payments to local units of government.
Sec. 202. General. Subjects appropriations and expenditures in the article to the provisions of the Management and Budget Act.
Sec. 203. General. Directs that, if the State Administrative Board transfers funds appropriated in the Act, the Legislature may, by concurrent resolution requiring a majority vote in each chamber, transfer funds within a particular department, board, commission, officer, or institution.
Sec. 205. General. Directs that any Federal CRF dollars for which expenditures have not been incurred by December 30, 2020, and any interest earned from CRF dollars be unappropriated and reappropriated into the Unemployment Compensation Fund established in the Michigan Employment Security Act to support COVID-19 emergency costs incurred between March 1, 2020, and December 30, 2020. Requires a biweekly report beginning in mid-January on deposits to support unemployment benefits.
Sec. 301. Labor and Economic Opportunity. Directs that the $250.0 million of the funding appropriated in part 1 for the Michigan unemployment compensation funds be used to extend unemployment benefits from 20 to 26 weeks between January 1, 2021, and March 31, 2021.
Table 2
FY 2020-21 Supplemental Appropriations |
||
Department/Program |
Gross |
GF/GP |
Labor and Economic Opportunity |
||
Extension of unemployment benefits |
$250,550,000 |
$250,000,000 |
Total Labor and Economic Opportunity |
$250,550,000 |
$250,000,000 |
Total FY 2020-21 Supplemental Appropriations |
$250,550,000 |
$250,000,000 |
Date Completed: 12-10-20 Fiscal Analyst: Steve Angelotti
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.