Sec. 6c.
(1) In addition to the funds appropriated in section 6a for the Michigan biologic products institute, there is appropriated an amount not to exceed $5,000,000.00 for federal contingency funds. These funds are not available for expenditure until they have been transferred to another line item in this act pursuant to section 393(2) of the management and budget act, 1984 PA 431, MCL 18.1393.
(2) In addition to the funds appropriated in section 6a, there is appropriated an amount not to exceed $5,000,000.00 for state restricted contingency funds. These funds are not available for expenditure until they have been transferred to another line item in this act pursuant to section 393(2) of the management and budget act, 1984 PA 431, MCL 18.1393.
(3) In addition to the funds appropriated in section 6a, there is appropriated an amount not to exceed $100,000.00 for local contingency funds. These funds are not available for expenditure until they have been transferred to another line item in this act pursuant to section 393(2) of the management and budget act, 1984 PA 431, MCL 18.1393.
(4) In addition to the funds appropriated in section 6a, there is appropriated an amount not to exceed $500,000.00 for private contingency funds. These funds are not available for expenditure until they have been transferred to another line item in this act pursuant to section 393(2) of the management and budget act, 1984 PA 431, MCL 18.1393.
History: Add. 1998, Act 9, Imd. Eff. Feb. 17, 1998
Structure Michigan Compiled Laws
Act 522 of 1996 - The Michigan Biologic Products Institute Transfer Act (333.26331 - 333.26340)
Section 333.26331 - Short Title.
Section 333.26332 - Legislative Findings and Declarations.
Section 333.26333 - Definitions.
Section 333.26334 - Michigan Biologic Products Commission; Conveyance of Assets; Powers and Rights.
Section 333.26335 - State Administrative Board; Powers and Duties.
Section 333.26336b - Total State Spending; Spending to Local Units of Government.
Section 333.26336c - Contingency Funds.
Section 333.26338 - Conveyance of Assets; Liens, Claims, or Interests.