SB-0906, As Passed Senate, December 6, 2005

SUBSTITUTE FOR

SENATE BILL NO. 906

     A bill to amend 1921 PA 2, entitled

"An act to promote the efficiency of the government of the state,

to create a state administrative board, to define the powers and

duties thereof, to provide for the transfer to said board of powers

and duties now vested by law in other boards, commissions,

departments and officers of the state, and for the abolishing of

certain of the boards, commissions, departments and offices, whose

powers and duties are hereby transferred,"

(MCL 17.1 to 17.3) by adding section 2b.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 2b. (1) The state administrative board shall also have

the powers granted and perform the duties imposed under section 88i

of the Michigan strategic fund act, 1984 PA 270, MCL 125.2088i.

     (2) The state administrative board shall employ the chief

compliance officer described in section 88i of the Michigan

strategic fund act, 1984 PA 270, MCL 125.2088i, as authorized by

section 2.

     (3) The state administrative board shall review all reports

described in section 88i of the Michigan strategic fund act, 1984

PA 270, MCL 125.2088i, submitted to the state administrative board

by the chief compliance officer under section 88i of the Michigan

strategic fund act, 1984 PA 270, MCL 125.2088i.

     (4) The state administrative board also shall have the powers

granted and perform the duties described under section 8 of the

Michigan tobacco settlement finance authority act, 2005 PA 226, MCL

129.268.