February 11, 2003, Introduced by Senators JOHNSON, STAMAS, HAMMERSTROM, BISHOP, GOSCHKA, KUIPERS, CROPSEY, HARDIMAN, JELINEK, BIRKHOLZ, PATTERSON, GILBERT, TOY, GARCIA, GEORGE, McMANUS, SIKKEMA, BROWN, VAN WOERKOM, ALLEN, SANBORN and CASSIS and referred to the Committee on Appropriations.
A bill to amend 1984 PA 431, entitled
"The management and budget act,"
by amending section 451 (MCL 18.1451), as amended by 1999 PA 8.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 451. (1) At the close of the fiscal year, the
2 unencumbered balance of each appropriation that was appropriated
3 from a state restricted fund shall lapse to the state fund from
4 which it was appropriated. At the close of the fiscal year, the
5 unencumbered balance of each appropriation that was appropriated
6 from the general fund is transferred and appropriated to the
7 countercyclical budget and economic stabilization fund described
8 in section 351. A
document which that is not ascertainable
9 before the cutoff date set by the director may be charged against
10 a current year's appropriation if the chief accounting officer
11 determines that the state agency was not willful in its failure
1 to ascertain or record the document and if the amount of the
2 payment would not have exceeded the unencumbered balance of the
3 applicable appropriation in the prior fiscal year.
4 (2) An encumbrance entered into within 15 days before the end
5 of the fiscal year and outstanding at the close of the fiscal
6 year is not a charge against that fiscal year but is charged to
7 the next succeeding fiscal year.