Mich. Comp. Laws § 18.1354
This is the official text of Mich. Comp. Laws § 18.1354, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Executive budget and appropriations bill; estimate of transfer into or out of fund; installments.
Official statutory text
Sec. 354.
(1) The executive budget for each fiscal year shall contain an estimate of the required transfer into the fund or the amount of funds recommended to be appropriated out of the fund required under section 352. The executive budget for each fiscal year shall not contain an estimate for a transfer out of the fund unless the annual growth rate is estimated to be less than 0% in that fiscal year.
(2) The legislature shall include the final amount of the transfer into the fund or the amount of funds appropriated out of the fund required under section 352 in the appropriations bill which contains the revenue estimate required by section 31 of article IV of the state constitution of 1963.
(3) A transfer into the fund shall be made in equal monthly installments throughout the fiscal year. A transfer out of the fund may be made as needed during the fiscal year.
History: 1984, Act 431, Eff. Mar. 29, 1985; Am. 1988, Act 504, Imd. Eff. Dec. 29, 1988; Am. 1994, Act 107, Eff. Mar. 30, 1995; Am. 1994, Act 108, Imd. Eff. Apr. 26, 1994; Am. 1995, Act 159, Imd. Eff. Sept. 25, 1995; Am. 1995, Act 286, Imd. Eff. Jan. 9, 1996; Am. 1999, Act 8, Imd. Eff. Mar. 22, 1999; Am. 2018, Act 613, Eff. Mar. 29, 2019
(1) The executive budget for each fiscal year shall contain an estimate of the required transfer into the fund or the amount of funds recommended to be appropriated out of the fund required under section 352. The executive budget for each fiscal year shall not contain an estimate for a transfer out of the fund unless the annual growth rate is estimated to be less than 0% in that fiscal year.
(2) The legislature shall include the final amount of the transfer into the fund or the amount of funds appropriated out of the fund required under section 352 in the appropriations bill which contains the revenue estimate required by section 31 of article IV of the state constitution of 1963.
(3) A transfer into the fund shall be made in equal monthly installments throughout the fiscal year. A transfer out of the fund may be made as needed during the fiscal year.
History: 1984, Act 431, Eff. Mar. 29, 1985; Am. 1988, Act 504, Imd. Eff. Dec. 29, 1988; Am. 1994, Act 107, Eff. Mar. 30, 1995; Am. 1994, Act 108, Imd. Eff. Apr. 26, 1994; Am. 1995, Act 159, Imd. Eff. Sept. 25, 1995; Am. 1995, Act 286, Imd. Eff. Jan. 9, 1996; Am. 1999, Act 8, Imd. Eff. Mar. 22, 1999; Am. 2018, Act 613, Eff. Mar. 29, 2019
Status: in_force · Read it on the official government site
Need a lawyer in Michigan?
Find a Michigan lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.