Sec. 11e.
(1) There is created within the state trunk line fund a local program fund for the purpose of receiving funds allocated from the Michigan transportation fund and from the state trunk line fund. Funds received shall be distributed 64.2% to the county road commissions of the state to be administered according to section 12 and 35.8% to the cities and villages of the state to be administered according to section 13.
(2) There is created within the state trunk line fund a local federal match program for the purpose of receiving the proceeds of bonds issued under section 18b that are to be repaid under section 11(1)(a)(iii). Funds deposited into the local federal match program shall not exceed $80,000,000.00.
(3) The legislature intends that funds in the local federal match program be used for 1 or more of the following:
(a) Except for those projects described in section 11f(d)(iv), projects that are the subject of a federal appropriation in the safe, accountable, flexible, efficient transportation equity act, a legacy for users (SAFETEA-LU), Public Law 109-59, or the transportation equity act for the 21st century, Public Law 105-178, and have been designated as high priority road and bridge projects that have received earmarks in the federal budget, so long as those projects are under construction or let for bid on or before September 5, 2008.
(b) Projects scheduled to be under construction or let for bid during the fiscal year that begins on October 1, 2006 and that can be advanced to the fiscal year that began on October 1, 2005.
(c) Any project scheduled for any fiscal year after the fiscal year that begins on October 1, 2006 that can be advanced and under construction or let for bid during the fiscal year that begins on October 1, 2005, October 1, 2006, or October 1, 2007.
History: Add. 1992, Act 223, Imd. Eff. Oct. 15, 1992 ;-- Am. 2006, Act 139, Imd. Eff. May 22, 2006 ;-- Am. 2006, Act 141, Imd. Eff. May 22, 2006 ;-- Am. 2007, Act 26, Imd. Eff. June 28, 2007 ;-- Am. 2008, Act 73, Imd. Eff. Apr. 7, 2008
Popular Name: McNitt Act
Popular Name: Michigan Transportation Fund Act