Bill Text: MI HB4234 | 2019-2020 | 100th Legislature | Engrossed
Bill Title: Appropriations: zero budget; supplemental; provide for fiscal year 2018-2019. Creates appropriation act.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2019-07-10 - Assigned Pa 45'19 With Immediate Effect [HB4234 Detail]
Download: Michigan-2019-HB4234-Engrossed.html
HB-4234, As Passed Senate, June 20, 2019
SENATE SUBSTITUTE FOR
HOUSE BILL NO. 4234
A bill 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.