March 24, 2005, Introduced by Reps. Nitz, Stahl, Robertson, Taub, Palsrok, Pastor, Garfield, Brandenburg, Meyer, Jones, Green, Ward, Baxter, Marleau, Caswell, Gosselin, Vander Veen, Hopgood, Accavitti, Tobocman, Acciavatti, Schuitmaker, Shaffer, Amos, Moolenaar, LaJoy and Drolet and referred to the Committee on Local Government and Urban Policy.
A bill to amend 1994 PA 451, entitled
"Natural resources and environmental protection act,"
by amending section 19708 (MCL 324.19708), as added by 2002 PA 397.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 19708. (1) Subject to subsections (2) and (3), the state
treasurer shall transfer money in the fund as follows:
(a)
Ninety
Eighty percent of the money in the fund shall be
deposited into the state water pollution control revolving fund
created in section 16a of the shared credit rating act, 1985 PA
227, MCL 141.1066a.
(b) Ten percent of the money in the fund shall be deposited
into the wastewater application grant fund created in section 16c
of the shared credit rating act, 1985 PA 227, MCL 141.1066c.
(c) (b) Ten percent of the money in the fund shall be
deposited into the strategic water quality initiatives fund created
in section 5204.
(2) Money in the fund may be used by the department of
treasury to pay for the cost of issuing bonds and the costs
incurred under section 19703(3).
(3) Money from the fund shall not be used as the state match
for receipt of federal funds for purposes of the state water
pollution control revolving fund created in section 16a of the
shared credit rating act, 1985 PA 227, MCL 141.1066a, at 2002 state
match levels. However, if federal revenues become available at
higher levels than were provided in 2002, money from the fund may
be used to match federal revenues in excess of 2002 levels.
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No.____ or House Bill No. 4572(request no.
02060'05 a) of the 93rd Legislature is enacted into law.