Bill Text: MI HB5400 | 2011-2012 | 96th Legislature | Engrossed
Bill Title: Appropriations; zero budget; multidepartment supplemental appropriations; provide for fiscal year 2012-2013. Creates appropriation act.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2012-10-17 - Assigned Pa 305'12 With Immediate Effect [HB5400 Detail]
Download: Michigan-2011-HB5400-Engrossed.html
HB-5400, As Passed House, September 19, 2012
SUBSTITUTE FOR
HOUSE BILL NO. 5400
A bill to make, supplement, and adjust appropriations for
various state departments and agencies for the fiscal year ending
September 30, 2013; and to provide for the expenditure of the
appropriations.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
PART 1
LINE-ITEM APPROPRIATIONS
Sec. 101. There is appropriated for the various state
departments and agencies to supplement appropriations for the
fiscal year ending September 30, 2013, from the following funds:
APPROPRIATION SUMMARY
GROSS APPROPRIATION.................................... $ 15,000,000
Interdepartmental grant revenues:
Total interdepartmental grants and intradepartmental
transfers............................................ 0
ADJUSTED GROSS APPROPRIATION........................... $ 15,000,000
Federal revenues:
Total federal revenues................................. 0
Special revenue funds:
Total local revenues................................... 0
Total private revenues................................. 0
Total other state restricted revenues.................. 0
State general fund/general purpose..................... $ 15,000,000
Sec. 102. DEPARTMENT OF TREASURY
(1) APPROPRIATION SUMMARY
GROSS APPROPRIATION.................................... $ 15,000,000
Interdepartmental grant revenues:
Total interdepartmental grants and intradepartmental
transfers............................................ 0
ADJUSTED GROSS APPROPRIATION........................... $ 15,000,000
Federal revenues:
Total federal revenues................................. 0
Special revenue funds:
Total local revenues................................... 0
Total private revenues................................. 0
Total other state restricted revenues.................. 0
State general fund/general purpose..................... $ 15,000,000
(2) GRANTS
Qualified agricultural loan origination program........ $ 15,000,000
GROSS APPROPRIATION.................................... $ 15,000,000
Appropriated from:
State general fund/general purpose..................... $ 15,000,000
PART 2
PROVISIONS CONCERNING APPROPRIATIONS
GENERAL SECTIONS
Sec. 201. In accordance with the provisions of section 30 of
article IX of the state constitution of 1963, total state spending
from state resources in this appropriation act for the fiscal year
ending September 30, 2013 is $15,000,000.00 and state
appropriations paid to local units of government are $0.
Sec. 202. The appropriations made and expenditures authorized
under this act and the departments, commissions, boards, offices,
and programs for which appropriations are made under this act are
subject to the management and budget act, 1984 PA 431, MCL 18.1101
to 18.1594.
DEPARTMENT OF TREASURY
Sec. 301. (1) The funds appropriated in part 1 for the
qualified agricultural loan origination program are considered work
project appropriations, and any unencumbered or unallotted funds
are carried forward into the succeeding fiscal year. The following
is in compliance with section 451a(1) of the management and budget
act, 1984 PA 431, MCL 18.1451a:
(a) The purpose of the project is to provide financial
assistance to the agricultural sector of this state's economy and
to alleviate financial distress caused by crop damage and related
economic impacts through the program.
(b) The work project will be accomplished through the use of
payments to qualified financial institutions for qualified
agricultural loan origination fees for administrative costs
incurred by qualified financial institutions.
(c) The total estimated completion cost of the work project is
$15,000,000.00.
(d) The tentative completion date is September 30, 2017.
