2002 Senate Bill 1520

Introduced in the Senate

Nov. 14, 2002

Introduced by Sen. Loren Bennett (R-8)

To authorize the withdrawal of $10 million from the Michigan Employment Security Act contingent fund for deposit into the state general fund in fiscal years 2002, 2003, and 2004. The money will allow the state to reduce spending by a smaller amount than would otherwise be required given that revenue that is expected to be less than originally projected.

Referred to the Committee on Appropriations