HOUSE BILL NO. 4544

A bill to amend 1984 PA 270, entitled

"Michigan strategic fund act,"

(MCL 125.2001 to 125.2094) by adding section 15.

the people of the state of michigan enact:

Sec. 15. (1) Notwithstanding any other provision of this act, all money and assets of the fund are declared public money and assets and shall be disbursed only as provided by law in an appropriation.

(2) Beginning fiscal year 2021-2022 and each fiscal year thereafter, each year $60,000,000.00 of fund revenue from Indian gaming compact receipts and other sources shall be deposited into the Michigan transportation fund established in section 10 of 1951 PA 51, MCL 247.660, and distributed as provided in section 10(1)(l) of 1951 PA 51, MCL 247.660.