Establishes a fund for road construction, preservation, and maintenance in Michigan.
The bill creates the "comprehensive road funding act" in Michigan. It establishes the comprehensive road funding fund in the state treasury, to be administered by the state transportation department. The fund will receive money from raised sources to be invested by the state treasurer. The department will expend the fund's money, upon appropriation, for road construction, preservation, and maintenance. The fund also aims to replace lost revenue due to revenue diversion or reduction.
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