Introduced
by
To authorize dipping into the budget stabilization fund (BSF or “rainy day fund”) for an appropriation large enough to eliminate the need for any further pro-rated budget cuts to state aid to school districts in Fiscal Year 2002-2003. The bill would also eliminate two automatic withdrawals from the BSF. One is a $32 million withdrawal that would go to the School Aid Fund each year through FY 2007-08, which is related to the Durant special education lawsuit. The other is a $35 million withdrawal for the State Trunk Line Fund each year through FY 2015-16 to service bonds issued as part of the Build Michigan III road building program of 2000-2001.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the amendment be adopted and that the bill then pass.
Amendment offered
To eliminate the provision authorizing dipping into the budget stabilization fund (BSF or “rainy day fund”) for an appropriation large enough to eliminate the need for any further pro-rated budget cuts to state aid to school districts in Fiscal Year 2002-2003. Possible shortfalls in the fund will instead be made up using money disbursed to states by the federal government as part of the 2003 tax cut.
The amendment passed by voice vote
Passed in the House 60 to 46 (details)
To eliminate two automatic withdrawals from the BSF. One is a $32 million withdrawal that would go to the School Aid Fund each year through FY 2007-08, which is related to the Durant special education lawsuit. The other is a $35 million withdrawal for the State Trunk Line Fund each year through FY 2015-16 to service bonds issued as part of the Build Michigan III road building program of 2000-2001.
Referred to the Committee on Appropriations
Reported without amendment
With substitute (S-2).
