Bill Text: MI HB4234 | 2019-2020 | 100th Legislature | Chaptered


Bill Title: Appropriations; zero budget; supplemental; provide for fiscal year 2018-2019. Creates appropriation act.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2019-07-10 - Assigned Pa 45'19 With Immediate Effect [HB4234 Detail]

Download: Michigan-2019-HB4234-Chaptered.html

Act No. 45

Public Acts of 2019

Approved by the Governor

July 8, 2019

Filed with the Secretary of State

July 8, 2019

EFFECTIVE DATE: July 8, 2019

STATE OF MICHIGAN

100TH LEGISLATURE

REGULAR SESSION OF 2019

Introduced by Reps. Huizenga and Hernandez

ENROLLED HOUSE BILL No. 4234

AN ACT to make, supplement, and adjust appropriations for the department of treasury and for various state departments and agencies for the fiscal year ending September 30, 2019; and to provide for the expenditure of the appropriations.

The People of the State of Michigan enact:

PART 1

LINE-ITEM APPROPRIATIONS

Sec. 101. There is appropriated for the department of treasury and for various state departments and agencies to supplement appropriations for the fiscal year ending September 30, 2019, from the following funds:

APPROPRIATION SUMMARY

GROSS APPROPRIATION.......................................................................................................................... $ 15,000,000

Total interdepartmental grants and intradepartmental transfers.......................................................... 0

ADJUSTED GROSS APPROPRIATION.................................................................................................. $ 15,000,000

Total federal revenues.................................................................................................................................... 0

Total local revenues......................................................................................................................................... 0

Total private revenues.................................................................................................................................... 0

Total other state restricted revenues.......................................................................................................... 0

State general fund/general purpose............................................................................................................. $ 15,000,000

Sec. 102. DEPARTMENT OF TREASURY

(1) APPROPRIATION SUMMARY

GROSS APPROPRIATION.......................................................................................................................... $ 15,000,000

Interdepartmental grant revenues:

Total interdepartmental grants and intradepartmental transfers.......................................................... 0

ADJUSTED GROSS APPROPRIATION.................................................................................................. $ 15,000,000

Federal revenues:

Total federal revenues.................................................................................................................................... 0

Special revenue funds:

Total local revenues......................................................................................................................................... 0

Total private revenues.................................................................................................................................... 0

Total other state restricted revenues.......................................................................................................... 0

State general fund/general purpose............................................................................................................. $ 15,000,000

(2) GRANTS

Qualified agricultural loan origination program......................................................................................... $ 15,000,000

GROSS APPROPRIATION.......................................................................................................................... $ 15,000,000

Appropriated from:

State general fund/general purpose............................................................................................................. $ 15,000,000

PART 2

PROVISIONS CONCERNING APPROPRIATIONS

GENERAL SECTIONS

Sec. 201. In accordance with section 30 of article IX of the state constitution of 1963, total state spending from state sources in this appropriation act for the fiscal year ending September 30, 2019 is $15,000,000.00 and state spending from state sources to be paid to local units of government is $0.00.

Sec. 202. The appropriations made and expenditures authorized under this act and the departments, commissions, boards, offices, and programs for which appropriations are made under this act are subject to the management and budget act, 1984 PA 431, MCL 18.1101 to 18.1594.

DEPARTMENT OF TREASURY

Sec. 301. The funds appropriated in part 1 for the qualified agricultural loan origination program are considered work project appropriations, and any unencumbered or unallotted funds are carried forward into the succeeding 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 financial assistance to the agricultural sector of this state’s economy and to alleviate financial distress caused by crop loss or damage or related economic impacts through the program.

(b) The work project will be accomplished through the use of payments to qualified financial institutions for qualified agricultural loan origination fees for administrative costs incurred by qualified financial institutions.

(c) The total estimated completion cost of the work project is $15,000,000.00.

(d) The tentative completion date is September 30, 2023.

This act is ordered to take immediate effect.

Clerk of the House of Representatives

Secretary of the Senate

Approved

Governor