The bill amends the Management and Budget Act of 1984 by adding a new section, Sec. 142, which mandates the state treasurer to prepare a report within 30 days of the bill's effective date. This report must assess whether the federal government is delinquent in funds owed to Michigan due to non-compliance with court decisions regarding federally approved spending. Additionally, it must evaluate any payments that the state is expected to owe to the federal government in the following year, including federal taxes and grant repayments.

Furthermore, the state treasurer is required to update this report monthly and consult with the state budget director during its preparation. Based on the calculations from a related section, the treasurer is authorized to withhold payments to the federal government, ensuring that the withheld amounts do not exceed those calculated. The enactment of this bill is contingent upon the passage of related legislation in the 103rd Legislature.

Statutes affected:
House Introduced Bill: 18.1101, 18.1594