Appropriations: department of insurance and financial services; appropriations for fiscal year 2025-2026; provide for. Creates appropriation act.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
Senate Bill 178 allocates funds for the Department of Insurance and Financial Services for the fiscal year ending September 30, 2026. This bill creates an appropriation act, specifying the amount of money the department will receive from the state general fund. The total appropriation for the department is set at $100. The bill also outlines how these funds will be managed and aligns with existing state budgeting procedures.
Key provisions
- Allocates $100 from the state general fund to the Department of Insurance and Financial Services.
- Specifies the fiscal year for the appropriation (ending September 30, 2026).
- Requires spending under part 1 to be in accordance with the Management and Budget Act.
- States that no funds will be allocated to local units of government.
Who is affected
- Department of Insurance and Financial Services
- State of Michigan
Fiscal impact
The bill appropriates $100 from the state general fund for the Department of Insurance and Financial Services.
Bill text
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Document of record
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- Senate Introduced Bill
- Published
- Not published in the source record
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No sponsors are on record.
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