Bill Text: MI HB4071 | 2013-2014 | 97th Legislature | Introduced

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Bill Title: State financing and management; funds; funding levels for Pure Michigan campaign; modify. Amends sec. 89b of 1984 PA 270 (MCL 125.2089b).

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2013-01-23 - Printed Bill Filed 01/23/2013 [HB4071 Detail]

Download: Michigan-2013-HB4071-Introduced.html

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HOUSE BILL No. 4071

 

January 22, 2013, Introduced by Rep. Foster and referred to the Committee on Appropriations.

 

     A bill to amend 1984 PA 270, entitled

 

"Michigan strategic fund act,"

 

by amending section 89b (MCL 125.2089b), as amended by 2010 PA 271.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 89b. (1) For the fiscal year ending September 30, 2008,

 

there is appropriated and transferred from the general fund to the

 

21st century jobs trust fund $60,000,000.00 and there is

 

appropriated from the 21st century jobs trust fund to the fund

 

$50,000,000.00 for carrying out the purposes of this chapter. Not

 

more than 1/4 of the total amount appropriated from the net

 

proceeds described in section 8(2) of the Michigan tobacco

 

settlement finance authority act, 2005 PA 226, MCL 129.268, shall

 

be used to promote business development in this state.

 

     (2) Upon request from the board, the state treasurer shall

 

transfer appropriated funds from the 21st century jobs trust fund

 

established under section 7(1)(b) of the Michigan trust fund act,

 

2000 PA 489, MCL 12.257, any other available funds under this act,

 

funds otherwise appropriated for expenditure under this chapter, or

 

as authorized in section 88b(2)(d), in the amounts designated by

 

the board at the time and as necessary to fund disbursements

 

required for the Michigan promotion program.

 

     (3) The appropriation authorized in subsection (1) is a work

 

project appropriation and any unencumbered or unallotted funds are

 

carried forward into the following fiscal year. The following is in

 

compliance with section 451a(1) of the management and budget act,

 

1984 PA 431, MCL 18.1451a:

 

     (a) The purpose of the project is to provide economic benefits

 

and job creation within this state through the promotion of

 

tourism.

 

     (b) The work project will be accomplished through the use of

 

interagency agreements, grants, state employees, and contracts.

 

     (c) The total estimated completion cost of the project is

 

$50,000,000.00.

 

     (d) The expected completion date is December 31, 2010.

 

     (4) For the fiscal year ending September 30, 2013 and each

 

fiscal year thereafter, not less than $50,000,000.00 shall be

 

appropriated and transferred to the fund for carrying out the

 

purposes of this chapter.