A bill to amend 2000 PA 489, entitled “Michigan trust fund act,” by amending section 3a (MCL 12.253a), as added by 2023 PA 174.
House Bill No. 4960 amends the Michigan Trust Fund Act to require that unspent money in the Local Government Reimbursement Fund lapses to the state’s general fund at the end of each fiscal year, potentially affecting future municipal compensation for property tax exemptions.
Introduced
by
Referred to the Committee on Appropriations
