The bill amends the existing law regarding the classification and funding of public roads, streets, and highways in Michigan, specifically focusing on the establishment and administration of the movable bridge fund. It creates a separate movable bridge fund within the state treasury, allowing the state treasurer to receive and invest money from various sources. The bill stipulates that the funds will not lapse to the general fund at the end of the fiscal year and outlines the responsibilities of the department in administering the fund and conducting audits. Additionally, it mandates that any agency or person operating a publicly owned movable bridge must submit their operational procedures and costs to the department annually.

Furthermore, the bill introduces provisions for the distribution of funds from the movable bridge fund to agencies responsible for operating publicly owned movable bridges based on developed estimates of operational costs. It also includes a requirement for the department to estimate costs related to local federal bridge mandates and allows for the use of remaining funds for these costs if no other funding sources are available. The bill ensures that if an agency declines a contract for bridge operation, they will still receive their allocated funding for the operation of that bridge. Overall, the amendments aim to enhance the management and funding of movable bridges in Michigan.

Statutes affected:
House Introduced Bill: 247.661