September 24, 2008, Introduced by Reps. Opsommer and LaJoy and referred to the Committee on Tax Policy.
A bill to amend 1951 PA 51, entitled
"An act to provide for the classification of all public roads,
streets, and highways in this state, and for the revision of that
classification and for additions to and deletions from each
classification; to set up and establish the Michigan transportation
fund; to provide for the deposits in the Michigan transportation
fund of specific taxes on motor vehicles and motor vehicle fuels;
to provide for the allocation of funds from the Michigan
transportation fund and the use and administration of the fund for
transportation purposes; to set up and establish the truck safety
fund; to provide for the allocation of funds from the truck safety
fund and administration of the fund for truck safety purposes; to
set up and establish the Michigan truck safety commission; to
establish certain standards for road contracts for certain
businesses; to provide for the continuing review of transportation
needs within the state; to authorize the state transportation
commission, counties, cities, and villages to borrow money, issue
bonds, and make pledges of funds for transportation purposes; to
authorize counties to advance funds for the payment of deficiencies
necessary for the payment of bonds issued under this act; to
provide for the limitations, payment, retirement, and security of
the bonds and pledges; to provide for appropriations and tax levies
by counties and townships for county roads; to authorize
contributions by townships for county roads; to provide for the
establishment and administration of the state trunk line fund,
local bridge fund, comprehensive transportation fund, and certain
other funds; to provide for the deposits in the state trunk line
fund, critical bridge fund, comprehensive transportation fund, and
certain other funds of money raised by specific taxes and fees; to
provide for definitions of public transportation functions and
criteria; to define the purposes for which Michigan transportation
funds may be allocated; to provide for Michigan transportation fund
grants; to provide for review and approval of transportation
programs; to provide for submission of annual legislative requests
and reports; to provide for the establishment and functions of
certain advisory entities; to provide for conditions for grants; to
provide for the issuance of bonds and notes for transportation
purposes; to provide for the powers and duties of certain state and
local agencies and officials; to provide for the making of loans
for transportation purposes by the state transportation department
and for the receipt and repayment by local units and agencies of
those loans from certain specified sources; and to repeal acts and
parts of acts,"
(MCL 247.651 to 247.675) by adding section 10f.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 10f. (1) The priority now! fund is created within the
state treasury.
(2) The state treasurer may receive money or other assets from
any source for deposit into the fund. The state treasurer shall
direct the investment of the fund. The state treasurer shall credit
to the fund interest and earnings from fund investments.
(3) Money in the fund at the close of the fiscal year shall
remain in the fund and shall not lapse to the general fund.
(4) The state transportation commission shall be the
administrator of the fund for auditing purposes.
(5) The state transportation commission shall expend money
from the fund, upon appropriation, to the state transportation
department, county road commissions, cities, or villages for road
construction, maintenance, and repair only, subject to the
following conditions:
(a) Not more than 70% of the money expended shall be provided
to the state transportation department.
(b) Not more than 20% of the money expended shall be provided
to county road commissions.
(c) Not more than 10% of the money expended shall be provided
to cities and villages.
(d) Not less than 90% of the money in the priority now! fund
shall be expended, upon appropriation, each year.
(e) Privatized roads, toll roads, or roads that employ any
form of congestion pricing are not eligible to receive money from
the priority now! fund.
(f) Any road that receives money from the priority now! fund
shall not be privatized or converted to a toll road or congestion
pricing road for a period of 25 years from the date the money was
received.
Enacting section 1. This amendatory act does not take effect
unless Senate Joint Resolution ____ or House Joint Resolution NNN
(request no. 08017'08 *) of the 94th Legislature becomes a part of
the state constitution of 1963 as provided in section 1 of article
XII of the state constitution of 1963.