CRAFT BEVERAGE COUNCIL FUND                                              S.B. 1067 (S-1):

                                                                         SUMMARY OF SUBSTITUTE BILL

                                                                                                 IN COMMITTEE

Senate Bill 1067 (Substitute S-1)

Sponsor: Senator Curtis Hertel, Jr.

Committee: Appropriations

Date Completed:  9-1-20

CONTENT

The bill would amend the Michigan Liquor Control Code to require the distribution of $476,500 for fiscal year (FY) 2019-20 from the Michigan Craft Beverage Council Fund to the State's General Fund.

MCL 436.1303a                                                                                               

FISCAL IMPACT

The bill would provide for a $476,500 increase in FY 2019-20 General Fund/General Purpose (GF/GP) revenue. This transfer of funds from the Michigan Craft Beverage Council Fund to the State GF/GP budget would apply only during FY 2019-20 and would result in limiting the amount of funding available to the Michigan Craft Beverage Council to offer for grants. This proposed transfer of restricted revenue to the General Fund reflects an agreement between legislative leadership and the administration for the purposes of balancing the FY 2019-20 State budget.

                                                                               Fiscal Analyst:  Bruce Baker

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.