State finance: budgets; distribution of the countercyclical budget and economic stabilization fund; make subject to section 8 of the motor fuel tax act. Amends sec. 352 of 1984 PA 431 (MCL 18.1352). TIE BAR WITH: HB 6147'26

This bill changes how Michigan's "rainy day fund" (the budget stabilization fund) is managed. It updates rules for when money is transferred into the fund based on state revenue growth and when the legislature can take money out of the fund. The bill specifies that if the state's annual growth rate is negative for consecutive years, the legislature can appropriate up to 25% of the fund's balance from the start of the first negative growth year.

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