HOUSE BILL No. 5622


     March 3, 1998, Introduced by Reps. Alley, Middaugh, Kilpatrick, Bobier, Birkholz, Sikkema, Palamara, Profit, McNutt, Bodem, DeVuyst, Byl, Baade, Harder, Wetters, LaForge, Schermesser, Callahan, Mans, Basham, Gernaat, Dobb, Middleton, McManus, Brackenridge, Horton, Martinez, McBryde, Jelinek, Goschka, Crissman, Llewellyn, Kukuk, Baird, London,
Dalman, Richner, Jellema, Hammerstrom, Green, Cassis, Voorhees and Scranton and referred to the Committee on Conservation, Environment and Recreation.


        A bill to authorize the issuance of general obligation bonds

   of the state and to pledge the full faith and credit of the state

   for the payment of principal and interest on the bonds to finance

   environmental and natural resources protection programs that

   would clean up and redevelop contaminated sites, protect and

   improve water quality, reclaim and revitalize community water-

   fronts, enhance and increase recreational opportunities at

   Michigan state parks, and clean up contaminated sediments in

   lakes, rivers, and streams; to pay for issuing the bonds; to pro-

   vide for other measures relating to the bonds; and to provide for

   the submission of the question of the issuance of the bonds to

   the electors of the state.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         Sec. 1.  This act shall be known and may be cited as the

 2    "clean Michigan initiative act".


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 1         Sec. 2.  The state shall borrow a sum not to exceed

 2    $500,000,000.00 and issue the general obligation bonds of this

 3    state, pledging the full faith and credit of the state for the

 4    payment of principal and interest on the bonds, to finance envi-

 5    ronmental and natural resources protection programs that would

 6    clean up and redevelop contaminated sites, protect and improve

 7    water quality, reclaim and revitalize community waterfronts,

 8    enhance and increase recreational opportunities at Michigan state

 9    parks, and clean up contaminated sediments in lakes, rivers, and

10    streams.

11         Sec. 3.  Bonds shall be issued in accordance with condi-

12    tions, methods, and procedures to be established by law.

13         Sec. 4.  The proceeds of the sale of the bonds or any series

14    of the bonds, any premium and accrued interest received on the

15    delivery of the bonds, and any interest earned on the proceeds of

16    the bonds shall be deposited in the state treasury and credited

17    to the clean Michigan initiative bond fund created in section

18    1960b of the natural resources and environmental protection act,

19    1994 PA 451, MCL 324.1960b, and shall be disbursed from that fund

20    only for the purposes for which the bonds have been authorized,

21    including the expense of issuing the bonds.  The proceeds of sale

22    of the bonds or any series of the bonds, any premium and accrued

23    interest received on the delivery of the bonds, and any interest

24    earned on the proceeds of the bonds shall be expended for the

25    purposes set forth in this part in a manner as provided by law.

26         Sec. 5.  The question of borrowing a sum not to exceed

27    $500,000,000.00 and the issuance of the general obligation bonds



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 1    of the state for the purposes set forth in this part shall be

 2    submitted to a vote of the electors of the state qualified to

 3    vote on the question in accordance with section 15 of article IX

 4    of the state constitution of 1963 at the next general election.

 5    The question submitted to the electors shall be substantially as

 6    follows:

 7         "Shall the state of Michigan finance environmental and natu-

 8    ral resources protection programs that would clean up and rede-

 9    velop contaminated sites, protect and improve water quality,

10    reclaim and revitalize community waterfronts, enhance and

11    increase recreational opportunities at Michigan state parks, and

12    clean up contaminated sediments in lakes, rivers, and streams, by

13    borrowing a sum not to exceed $500,000,000.00 and issuing general

14    obligation bonds of the state, pledging the full faith and credit

15    of the state for the payment of principal and interest on the

16    bonds, the method of repayment of the bonds to be from the gen-

17    eral fund of this state?

18         Yes........

19         No......... .".

20         Sec. 6.  The secretary of state shall perform all acts nec-

21    essary to properly submit the question prescribed by section 5 to

22    the electors of this state qualified to vote on the question at

23    the next general November election.

24         Sec. 7.  (1) After the issuance of the bonds authorized by

25    this act, there shall be appropriated from the general fund of

26    the state each fiscal year a sufficient amount to pay promptly,

27    when due, the principal of and interest on all outstanding bonds



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 1    authorized by this act and the costs incidental to the payment of

 2    the bonds.

 3         (2) The governor shall include the appropriation provided

 4    for in subsection (1) in his or her annual executive budget rec-

 5    ommendations to the legislature.

 6         Enacting section 1.  This act does not take effect unless

 7    all of the following bills of the 89th Legislature are enacted

 8    into law:

 9         (a) Senate Bill No. _____ or House Bill No. _____ (request

10    no. 05742'98).

11         (b) Senate Bill No. _____ or House Bill No. _____ (request

12    no. 05743'98).

13         (c) Senate Bill No. _____ or House Bill No. _____ (request

14    no. 05744'98).





























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