HB 4311
State management: funds; revenue sharing trust fund; create. Amends title & sec. 2 of 2000 PA 489 (MCL 12.252) & adds secs. 11a and 11b. TIE BAR WITH: HB 4312'25
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates the Revenue Sharing Trust Fund, designed to distribute state revenue to cities, villages, and townships, as well as counties. The fund will be financed through various sources, including sales tax revenue and donations. It establishes a process for allocating funds based on population and taxable value, aiming to provide more equitable distribution of state revenue. The bill also outlines specific transfer and disbursement procedures for the trust fund, contingent on the passage of related legislation.
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Primary sponsor
Cosponsors
Joseph Aragona
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