The bill amends the existing law regarding the registration, titling, and regulation of vehicles in Michigan, specifically focusing on the creation and management of the transportation administration collection fund within the state treasury. It allows the state treasurer to receive and invest money from collections authorized under the act, ensuring that funds do not lapse into the Michigan transportation fund at the end of the fiscal year. The bill outlines the expenditure of these funds, stipulating that the Department of State can use the money for necessary collection expenses related to the administration and enforcement of vehicle regulations, while the Department of Treasury can use it to cover motor fuel tax collection costs.

Additionally, the bill introduces a provision that mandates a reduction of $1,700,000 annually from the fund starting in the fiscal year ending September 30, 2027, through the fiscal year ending September 30, 2029, with that amount being redirected to the general fund. It also requires the Department of State to file an annual report detailing the fund's deposits and expenditures, and the state transportation department is tasked with reviewing funding sources to identify opportunities for leveraging additional federal funds. This act is set to take immediate effect upon approval.

Statutes affected:
Substitute (H-1): 257.810
House Introduced Bill: 257.810
As Passed by the House: 257.810
As Passed by the Senate: 257.810
House Concurred Bill: 257.810
Public Act: 257.810
House Enrolled Bill: 257.810