LAW ENFORCEMENT INVESTIGATIVE FUND - S.B. 594: FLOOR ANALYSIS

Senate Bill 594 (as reported without amendment)

Sponsor: Senator Mike Rogers

Committee: Gaming and Casino Oversight

CONTENT

The bill would create a new act to establish the "Michigan Law Enforcement Investigative Fund", which could be spent by the Department of State Police only as an investigative asset, to pay persons for information, or in using an investigative technique, in the investigation of violations of any of the following laws:

-- The Michigan Gaming Control and Revenue Act, and rules promulgated under it to individuals or agencies responsible for enforcing the Act.

-- Chapter 25A of the Michigan Penal Code, which prescribes penalties for racketeering activity.

-- Sections 411j to 411q of the Michigan Penal Code, which prescribe penalties for money laundering, receiving or acquiring property that is the proceeds or substituted proceeds of a specified criminal offense, or conducting a financial transaction with such proceeds.

The Fund would be created in the State Treasury. The State Treasurer could receive money or other assets from any source for deposit into the Fund, would have to direct investment of the Fund, and would have to credit to the Fund interest and earnings from Fund investments. Money in the Fund at the close of the fiscal year would not lapse to the General Fund.

- Legislative Analyst: S. Margules

FISCAL IMPACT

The bill would provide only for the establishment of a Michigan Law Enforcement Investigative Fund within the Department of Treasury. The bill would not establish an amount of money that would have to be deposited in the Fund, nor would it appropriate any money for deposit in the Fund.

Date Completed: 6-6-97 - Fiscal Analyst: B. Bakerfloor\sb594

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.