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Legislation watch
2017 House Bill 4602: Restrict rainy day fund appropriations
Public Act 613 of 2018
Introduced by Rep. Laura Cox R-Livonia on May 11, 2017
To prohibit the legislature from appropriating money from the state rainy day fund in a year when the aggregate state personal income growth is above zero, and revise details of rules on how much may be withdrawn from the fund in other years. Official Text and Analysis.
Referred to the House Appropriations Committee on May 11, 2017
Reported in the House on September 26, 2018
Without amendment and with the recommendation that the bill pass.
To prohibit the legislature from appropriating money from the state rainy day fund in a year when the aggregate state personal income growth is above zero, and revise details of rules on how much may be withdrawn from this fund in other years.
Received in the Senate on November 8, 2018
Referred to the Senate Appropriations Committee on November 8, 2018
Reported in the Senate on December 6, 2018
With the recommendation that the bill pass.
To prohibit the legislature from appropriating money from the state rainy day fund in a year when the aggregate state personal income growth is above zero, and revise details of rules on how much may be deposited or withdrawn from this fund in other years. Also, to authorize using .
Received in the House on December 20, 2018
To concur with the Senate-passed version of the bill.
Signed by Gov. Rick Snyder on December 28, 2018