MMFLA; PROOF OF FINANCIAL RESPONSIBILITY                                                                             S.B. 461 & 462:
                                                                                                                                                                                                      SUMMARY OF BILL
                                                                                                                                                                        REPORTED FROM COMMITTEE
 
 
 
 
 
 
 
 
 
Senate Bills 461 and 462 (as reported without amendment)
Sponsor:   Senator Curtis S. VanderWall (S.B. 461)
                            Senator Paul Wojno (S.B. 462)
Committee:   Regulatory Reform
 
CONTENT
 
Senate Bill 461  would amend the Medical Marihuana Facilities Licensing Act (MMFLA) to do the following:
 
 --       Require a proof of financial responsibility for a licensee under the Act to be a liability insurance policy that met all of the bill's requirements.
 --       Require a licensee or applicant to include with its filing of proof of financial responsibility for liability an attestation of compliance.
 --       Require the Marijuana Regulatory Agency to suspend a licensee's license until the licensee provided the required proof of financial responsibility if the licensee failed to maintain it.
 --       Refer to the Marijuana Regulatory Agency instead of the Department of Licensing and Regulatory Affairs and the Medical Marihuana Licensing Board.  
 
Senate Bill 462  would amend the MMFLA to modify a provision requiring the Medical Marihuana Licensing Board to issue a license to an applicant who meets the prescribed qualifications to refer to the Marijuana Regulatory Agency instead of the Board.  
 
The bills are tie-barred.
 
MCL 333.27408 (S.B. 461)                                                                         Legislative Analyst:   Christian Schmidt
            333.27402 (S.B. 462)
 
FISCAL IMPACT
 
The bills would have no fiscal impact on State or local government.
 
Date Completed:   6-22-21                                                                               Fiscal Analyst:   Elizabeth Raczkowski
 
 
 
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.