August 30, 2006, Introduced by Senators SCHAUER, SCOTT, PRUSI, BRATER, BASHAM, CLARK-COLEMAN, THOMAS, WHITMER, SWITALSKI, CLARKE, CHERRY, JACOBS, LELAND, OLSHOVE, EMERSON and BARCIA and referred to the Committee on Appropriations.
A bill to establish the worker emergency fund in the
department of treasury; and to provide certain powers and duties of
the department of treasury with respect to the fund.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 1. This act shall be known and may be cited as the
"worker emergency fund act".
Sec. 2. (1) The worker emergency fund is created within the
state treasury.
(2) The state treasurer shall credit any amount received for
civil fines imposed under the workforce reduction notice act and
money or other assets appropriated, granted, or received as a gift
from any source for deposit into the fund.
(3) The state treasurer shall direct the investment of the
fund and credit interest and earnings from fund investments to the
fund.
(4) Money in the fund at the close of the fiscal year shall
remain in the fund and shall not lapse to the general fund.
(5) The money in the worker emergency fund shall be used to
support programs that ameliorate the consequences for outsourced
workers, as follows:
(a) To provide loan default insurance under the workers
supplemental protection act.
(b) To provide tuition assistance to individuals meeting the
qualification for assistance under section 4a of the higher
education loan authority act, 1960 PA 77, MCL 390.1154a.
(c) Not more than 10% of the money in the fund may be used to
provide direct outreach and education concerning the availability
of assistance through programs under the trade act of 1974, 19 USC
2101 to 2495.
(6) For purposes of this section, "outsourced worker" means
adversely affected worker as that term is defined in 20 CFR 617.3.
Enacting section 1. This act takes effect 90 days after the
date it is enacted.
Enacting section 2. This act does not take effect unless all
of the following bills of the 93rd Legislature are enacted into
law:
(a) Senate Bill No. 1236.
(b) Senate Bill No. 1237.
(c) Senate Bill No. 1161.