SENATE BILL NO. 424


   March 10, 1999, Introduced by Senator JAYE and referred to the
        Committee on Appropriations.



        A bill to amend 1984 PA 270, entitled

   "Michigan strategic fund act,"

   (MCL 125.2001 to 125.2093) by adding section 14a.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 14A.  NOTWITHSTANDING ANY OTHER PROVISION OF THIS ACT,

 2    ALL MONEY AND ASSETS OF THE FUND ARE DECLARED PUBLIC MONEY AND

 3    ASSETS AND SHALL BE DISBURSED ONLY AS PROVIDED BY LAW IN AN

 4    APPROPRIATION.
















   01580'99          Final page.                            JLB