Bill Text: MI SB0415 | 2015-2016 | 98th Legislature | Introduced

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Bill Title: Transportation; funds; new road and bridge fund; create, and earmark revenue. Creates new act.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-06-30 - Reassigned To Committee On Government Operations [SB0415 Detail]

Download: Michigan-2015-SB0415-Introduced.html

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SENATE BILL No. 415

 

 

June 18, 2015, Introduced by Senator HANSEN and referred to the Committee on Transportation.

 

 

 

     A bill to create the road and bridge fund; to provide for the

 

allocation of funds from the road and bridge fund; and to provide

 

for the powers and duties of certain state and local governmental

 

officers and entities.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 1. As used in this act:

 

     (a) "Department" means the state transportation department.

 

     (b) "Fund" means the road and bridge fund created in section

 

3.

 

     Sec. 3. (1) The road and bridge fund is created within the

 

state treasury.

 

     (2) The state treasurer may receive money or other assets from

 

any source for deposit into the fund. The state treasurer shall

 

direct the investment of the fund. The state treasurer shall credit

 

to the fund interest and earnings from fund investments.

 

     (3) Money in the fund at the close of the fiscal year shall

 

remain in the fund and shall not lapse to the general fund.

 

     (4) The department shall be the administrator of the fund for

 

auditing purposes.

 

     (5) Money in the fund shall be distributed as follows:

 

     (a) 39.1% to the department. Money distributed to the

 

department under this subdivision shall be used by the department

 

in the same manner as provided in section 11 of 1951 PA 51, MCL

 

247.661.

 

     (b) 39.1% to the county road commissions of this state. Money

 

distributed to a county road commission under this subdivision

 

shall be used by the county road commission in the same manner as

 

provided in section 12 of 1951 PA 51, MCL 247.662.

 

     (c) 21.8% to the cities and villages of this state. Money

 

distributed to a city or village under this subdivision shall be

 

used by the city or village in the same manner as provided in

 

section 13 of 1951 PA 51, MCL 247.663.

 

     Enacting section 1. This act takes effect 90 days after the

 

date it is enacted into law.