ENVIRON. FEES; FY 2019-20 TRANSFER TO GENERAL FUND                                 S.B. 1068:

                                                                                 SUMMARY OF INTRODUCED BILL

                                                                                                         IN COMMITTEE

Senate Bill 1068 (as introduced 8-15-20)

Sponsor:  Senator Curtis Hertel, Jr.

Committee:  Appropriations

Date Completed:  9-1-20

CONTENT

The bill would amend the Natural Resources and Environmental Protection Act to transfer, for fiscal year (FY) 2019-20 only, $2.0 million from the Staff Account of the Solid Waste Management Fund to the State General Fund, and $4.0 million from the Scrap Tire Regulatory Fund to the State General Fund.

MCL 324.11550 & 324.16908

FISCAL IMPACT

The bill would transfer a total of $6.0 million to the State General Fund as part of the effort to balance the State budget for FY 2019-20. As of September 1, 2020, the Staff Account of the Solid Waste Management Fund had a fund balance of $7.0 million, and the Scrap Tire Regulatory Fund had a balance of $13.8 million. These balances are sufficient to facilitate the transfers contained in the bill.

                                                                                        Fiscal Analyst:  Josh Sefton

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.