2024 House Bill 5935

Environmental protection: funding; clean Michigan initiative; reauthorize issuance of general obligation bonds.

A bill to authorize the issuance of general obligation bonds of this state and to pledge the full faith and credit of this state for the payment of principal and interest on the bonds to finance environmental, natural resources, and public health protection programs that would repair, replace, and develop water and sewer infrastructure, protect and improve water and air quality, replace contaminated drinking water sources, repair and replace failing on-site wastewater treatment systems, clean up sites of contamination, clean up sediments in lakes, rivers, and streams, abate lead contamination, prevent pollution, and revitalize community waterfronts; to pay for issuing the bonds; to provide for other measures relating to the bonds; and to provide for the submission of the question of the issuance of bonds to the electors of this state.

AI Analysis – Experimental

The bill proposes issuing up to $10 billion in bonds to fund environmental and public health projects, contingent on voter approval, with repayment from the state's general fund.

Introduced in the House

Sept. 17, 2024

Introduced by Rep. Alabas Farhat (D-3)

Referred to the Committee on Natural Resources, Environment, Tourism and Outdoor Recreation