Michigan HB6146 amends the distribution rules for the countercyclical budget and economic stabilization fund.

Michigan HB6146 modifies the distribution rules for the countercyclical budget and economic stabilization fund. If the annual growth rate is more than 2%, the excess percentage over 2% is multiplied by the total state general fund-general purpose revenue to determine the amount transferred to the fund. If the annual growth rate is less than 0%, the legislature may appropriate no more than 25% of the prior fiscal year ending balance. The fund is subject to section 8 of the motor fuel tax act. The act does not take effect unless House Bill No. 6147 is enacted into law.

Michigan HB6146 amends the distribution rules for the countercyclical budget and economic stabilization fund.

Michigan HB6146 modifies the distribution rules for the countercyclical budget and economic stabilization fund. If the annual growth rate is more than 2%, the excess percentage over 2% is multiplied by the total state general fund-general purpose revenue to determine the amount transferred to the fund. If the annual growth rate is less than 0%, the legislature may appropriate no more than 25% of the prior fiscal year ending balance. The fund is subject to section 8 of the motor fuel tax act. The act does not take effect unless House Bill No. 6147 is enacted into law.