SB-0655, As Passed Senate, August 22, 2007
July 26, 2007, Introduced by Senators JELINEK and SWITALSKI and referred to the Committee on Appropriations.
A bill to amend 1976 PA 388, entitled
"Michigan campaign finance act,"
by amending section 61 (MCL 169.261), as amended by 1993 PA 262.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 61. (1) The state campaign fund is hereby created. The
state
treasurer shall administer the state campaign fund pursuant
to
in accordance with this act.
(2) An individual whose tax liability under the income tax act
of
1967, Act No. 281 of the Public Acts of 1967, as amended, being
sections
206.1 to 206.532 of the Michigan Compiled Laws 1967 PA
281, MCL 206.1 to 206.532, for a taxable year is $3.00 or more may
designate that $3.00 be credited to the state campaign fund. In the
case of a joint return of husband and wife having an income tax
liability of $6.00 or more, each spouse may designate that $3.00 be
credited to the state campaign fund.
(3) The tax designation authorized in this section shall be
clearly and unambiguously printed on the first page of the state
individual income tax return.
(4)
An Except as otherwise
provided in this section, an amount
equal to the cumulative amounts designated under subsection (2)
each year shall be appropriated annually from the general fund of
the
this state to the state campaign fund to be available
beginning
January 1 and continuing through December 31 of each year in which
a
governor is elected. The amounts Except as otherwise provided in
this section, money appropriated under this section shall not
revert
lapse to the general fund but shall remain available to
in
the state campaign fund for distribution without fiscal year
limitation
except that any amounts money
remaining in the state
campaign fund in excess of $10,000,000.00 on December 31
immediately
following a gubernatorial general election shall revert
lapse to the general fund.
(5)
Before the distribution of funds money under this act to
qualifying primary election candidates, the state treasurer shall
set
aside sufficient funds money
from the state campaign fund to
fully
implement the formula for distributing funds money to
qualifying general election candidates. If there is insufficient
funds
exist money in the state campaign fund to provide full
funding
to eligible primary election candidates, the campaign funds
available money shall be distributed to those candidates on a pro
rata basis.
(6) For fiscal year 2006-2007 only, $7,200,000.00 shall be
transferred from the state campaign fund to the general fund of
this state.