Establishes a neighborhood road fund for distribution to county and city road agencies based on mileage.
Michigan HB4230 creates a neighborhood road fund within the state treasury. The fund is administered by the state treasurer, who invests the money and credits interest and earnings to the fund. The Department of State is responsible for audits. The fund is distributed to county road agencies and city and village road agencies based on the proportion of mileage under each agency relative to the total mileage.
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