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.