SENATE BILL NO. 1227
A bill to make, supplement, and adjust appropriations for various state departments and agencies for the fiscal year ending September 30, 2023; to provide for certain conditions on appropriations; and to provide for the expenditure of the appropriations.
the people of the state of michigan enact:
1
2
3
part 1
line-item appropriations
Sec. 101. There is appropriated for various state departments
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
and agencies to supplement appropriations for the fiscal year ending September 30, 2023, from the following funds:
|
APPROPRIATION SUMMARY |
|
|
|
|
GROSS APPROPRIATION |
|
$ |
390,600,000 |
|
Interdepartmental grant revenues: |
|
|
|
|
Total interdepartmental grants and intradepartmental transfers |
|
|
0 |
|
ADJUSTED GROSS APPROPRIATION |
|
$ |
390,600,000 |
|
Federal revenues: |
|
|
|
|
Total federal revenues |
|
|
0 |
|
Special revenue funds: |
|
|
|
|
Total local revenues |
|
|
0 |
|
Total private revenues |
|
|
0 |
|
Total other state restricted revenues |
|
|
390,600,000 |
|
State general fund/general purpose |
|
$ |
0 |
|
Sec. 102. DEPARTMENT OF TREASURY |
|
|
|
|
(1) APPROPRIATION SUMMARY |
|
|
|
|
GROSS APPROPRIATION |
|
$ |
390,600,000 |
|
Interdepartmental grant revenues: |
|
|
|
|
Total interdepartmental grants and intradepartmental transfers |
|
|
0 |
|
ADJUSTED GROSS APPROPRIATION |
|
$ |
390,600,000 |
|
Federal revenues: |
|
|
|
|
Total federal revenues |
|
|
0 |
|
Special revenue funds: |
|
|
|
|
Total local revenues |
|
|
0 |
|
Total private revenues |
|
|
0 |
|
Total other state restricted revenues |
|
|
390,600,000 |
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
|
State general fund/general purpose |
|
$ |
0 |
|
(2) FINANCIAL PROGRAMS |
|
|
|
|
Michigan kids investment savings program |
|
$ |
390,600,000 |
|
GROSS APPROPRIATION |
|
$ |
390,600,000 |
|
Appropriated from: |
|
|
|
|
Special revenue funds: |
|
|
|
|
Michigan kids investment and development savings program fund |
|
|
390,600,000 |
|
State general fund/general purpose |
|
$ |
0 |
part 2
provisions concerning appropriations
general sections
Sec. 201. Pursuant to section 30 of article IX of the state constitution of 1963, total state spending from state sources under part 1 for the fiscal year ending September 30, 2023 is $390,600,000.00 and total state spending from state sources to be paid to local units of government is $0.00.
Sec. 202. The appropriations made and expenditures authorized under this part and part 1 and the departments, commissions, boards, offices, and programs for which appropriations are made under this part and part 1 are subject to the management and budget act, 1984 PA 431, MCL 18.1101 to 18.1594.
DEPARTMENT OF TREASURY
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
(2) The unexpended funds appropriated in part 1 for the Michigan kids investment and development savings program are designated as a work project appropriation. Any unencumbered or unallotted funds shall not lapse at the end of the fiscal year and shall be available for expenditures for projects under this section until the projects have been completed. The following is in compliance with section 451a of the management and budget act, 1984 PA 431, MCL 18.1451a:
(a) The purpose of the project is to implement and administer the Michigan kids investment and development savings (KIDS) program act.
(b) The project will be accomplished by utilizing state employees or contracts.
(c) The total estimated cost of the project is $390,600,000.00.
(d) The tentative completion date is September 30, 2027.
(3) Funds appropriated in part 1 for the Michigan kids investment and development savings program must not be spent or otherwise distributed unless Senate Bill No. 1229 of the 101st Legislature is enacted into law.