Bill Text: MI SB1019 | 2017-2018 | 99th Legislature | Introduced


Bill Title: State financing and management; funds; revenue sharing trust fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds secs. 11 & 11a. TIE BAR WITH: SB 1020'18

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-05-17 - Referred To Committee On Appropriations [SB1019 Detail]

Download: Michigan-2017-SB1019-Introduced.html

 

 

 

 

 

 

 

 

 

 

 

 

 

SENATE BILL No. 1019

 

 

May 17, 2018, Introduced by Senator YOUNG and referred to the Committee on Appropriations.

 

 

 

     A bill to amend 2000 PA 489, entitled

 

"Michigan trust fund act,"

 

by amending section 2 (MCL 12.252), as amended by 2016 PA 193, and

 

by adding sections 11 and 11a.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 2. As used in this act:

 

     (a) "Community district education trust fund" means the

 

community district education trust fund created in section 12.

 

     (b) "Medicaid benefits trust fund" means the Michigan Medicaid

 

benefits trust fund established in section 5.

 

     (c) "Medicaid program" means a program for medical assistance

 

established under title XIX of the social security act, 42 USC 1396

 

to 1396w-5.

 


     (d) "Medicaid special financing payments" means the Medicaid

 

special adjustor payments each year authorized in the department of

 

community health and human services appropriations act.

 

     (e) "Michigan merit award trust fund" means the Michigan merit

 

award trust fund established in section 9.

 

     (f) "Revenue sharing trust fund" means the revenue sharing

 

trust fund established in section 11.

 

     (g) (f) "Tobacco settlement revenue" means money received by

 

this state that is attributable to the master settlement agreement

 

incorporated into a consent decree and final judgment entered into

 

on December 7, 1998 in Kelly Ex Rel. Michigan v Philip Morris

 

Incorporated, et al., Kelly Ex Rel. Michigan v Philip Morris

 

Incorporated, et al. Ingham County circuit court, docket no. 96-

 

84281CZ, including any rights to receive money attributable to the

 

master settlement agreement that has been sold by this state.

 

     (h) (g) "21st century jobs trust fund" means the 21st century

 

jobs trust fund established in section 7.

 

     Sec. 11. (1) The revenue sharing trust fund is established in

 

the department of treasury. The revenue sharing trust fund consists

 

of 1 or more of the following:

 

     (a) Money deposited in the revenue sharing trust fund as

 

required by section 25 of the general sales tax act, 1933 PA 167,

 

MCL 205.75.

 

     (b) Donations of money made to the revenue sharing trust fund

 

from any source.

 

     (c) Interest and earnings from revenue sharing trust fund

 

investments.


     (2) The state treasurer shall direct the investment of the

 

revenue sharing trust fund.

 

     (3) Money in the revenue sharing trust fund at the close of a

 

fiscal year must remain in the revenue sharing trust fund and will

 

not lapse to the general fund.

 

     Sec. 11a. (1) Beginning on October 15, 2018 and on the

 

fifteenth day of every other month thereafter, from the money

 

received under section 25(5) of the general sales tax act, 1933 PA

 

167, MCL 205.75, upon appropriation, the state treasurer shall

 

transfer and disburse $79,187,866.00 to be distributed by the state

 

treasurer as follows:

 

     (a) To each city, village, or township in the same proportion

 

that each was eligible to receive under section 952(1) of article

 

VIII of 2017 PA 107.

 

     (b) To each county in the same proportion that each was

 

eligible to receive under sections 952(2) and 955 of article VIII

 

of 2017 PA 107.

 

     (2) For the 2020-2021 fiscal year and each fiscal year

 

thereafter, the money received under section 25(6) of the general

 

sales tax act, 1933 PA 167, MCL 205.75, shall be distributed by the

 

state treasurer as follows:

 

     (a) 66% to each city, village, or township in the same

 

proportion that each was eligible to receive under section 957 of

 

article VIII of 2017 PA 107.

 

     (b) 34% to each county in the same proportion that each was

 

eligible to receive under sections 952(2) and 955 of article VIII

 

of 2017 PA 107.


     (3) Money in the revenue sharing trust fund must not be

 

transferred, expended, withdrawn, or otherwise disbursed from the

 

revenue sharing trust fund except as authorized in this section.

 

     (4) For each state fiscal period that begins after September

 

30, 2018, the governor and the state budget director shall include

 

in the annual budget for that fiscal period submitted to the

 

legislature under section 18 of article V of the state constitution

 

of 1963 an appropriation directing the state treasurer to transfer

 

and disburse money from the revenue sharing trust fund as provided

 

in this section.

 

     Enacting section 1. This amendatory act does not take effect

 

unless Senate Bill No.____ or House Bill No.____ (request no.

 

06359'18 *) of the 99th Legislature is enacted into law.

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