Bill Text: MI HB4108 | 2009-2010 | 95th Legislature | Introduced

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Bill Title: State financing and management; funds; general fund surplus; require to be earmarked into the budget stabilization fund. Amends sec. 451 of 1984 PA 431 (MCL 18.1451).

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2009-01-27 - Printed Bill Filed 01/23/2009 [HB4108 Detail]

Download: Michigan-2009-HB4108-Introduced.html

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HOUSE BILL No. 4108

 

January 22, 2009, Introduced by Rep. Schuitmaker and referred to the Committee on Appropriations.

 

     A bill to amend 1984 PA 431, entitled

 

"The management and budget act,"

 

by amending section 451 (MCL 18.1451), as amended by 1999 PA 8.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 451. (1) At the close of the fiscal year, the

 

unencumbered balance of each appropriation shall lapse to the state

 

fund from which it was appropriated countercyclical budget and

 

economic stabilization fund created in section 351. A document

 

which that is not ascertainable before the cutoff date set by the

 

director may be charged against a current year's appropriation if

 

the chief accounting officer determines that the state agency was

 

not willful in its failure to ascertain or record the document and

 

if the amount of the payment would not have exceeded the

 

unencumbered balance of the applicable appropriation in the prior

 

fiscal year.

 

     (2) An encumbrance entered into within 15 days before the end

 

of the fiscal year and outstanding at the close of the fiscal year

 

is not a charge against that fiscal year but is charged to the next

 

succeeding fiscal year.