STRATEGIC FUND: DISBURSEMENT BY LEGISLATIVE APPROPRIATION
House Bill 6063
Sponsor: Rep. Leon R. Drolet
Committee: Commerce
Complete to 11-8-02
A SUMMARY OF HOUSE BILL 6063 AS INTRODUCED 5-9-02
The bill would amend the Michigan Strategic Fund Act to declare that, notwithstanding any other provision in the act, all money and assets of the fund are public money and assets, and to require that they be disbursed only as provided by law in an appropriation.
MCL 125.20014a
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This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.