June 3, 2008, Introduced by Senators GEORGE, GARCIA and BIRKHOLZ and referred to the Committee on Appropriations.
A bill to amend 1986 PA 268, entitled
"Legislative council act,"
(MCL 4.1101 to 4.1901) by adding section 703.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 703. (1) The capitol public improvement fund is created
within the legislative council.
(2) The state treasurer may receive money from any source for
deposit into the fund. The state treasurer shall credit to the fund
all money received under section 442(2) of the management and
budget act, 1984 PA 431, MCL 18.1442. The state treasurer shall
direct the investment of the fund. The state treasurer shall credit
to the fund interest and earnings from fund investments.
(3) Money in the fund at the close of the fiscal year shall
remain in the fund and shall not lapse to the general fund.
(4) The Michigan capitol committee shall expend money from the
fund, upon appropriation, only for capitol staff training and
capitol improvement projects for which other sources of funding do
not exist. The Michigan capitol committee may only provide funding
for projects under this section that are submitted to the Michigan
capitol committee by a member of the house of representatives, a
member of the senate, the director of the legislative council
facilities agency, or the executive director of the Michigan
capitol committee.
(5) As used in this section, "fund" means the capitol public
improvement fund created in subsection (1).
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No. 1363
of the 94th Legislature is enacted into law.