Bill > HB4459

This bill proposes to authorize the state of Michigan to issue up to $2 billion in general obligation bonds to fund environmental and natural resources protection programs, which would be put to a voter referendum. The "Clean Michigan 2 Initiative Act" would finance multiple environmental projects including cleaning up contaminated sites, improving water quality, preventing pollution, addressing lead contamination, revitalizing community waterfronts, and cleaning contaminated sediments in lakes, rivers, and streams. The bonds would be repaid through the state's general fund, and their issuance is contingent upon voter approval at the next general election. The bill requires the secretary of state to submit the bond proposal to voters, and if approved, the legislature must appropriate sufficient funds each year to pay the principal and interest on the bonds. The bonds' proceeds would be deposited into the Clean Michigan 2 Initiative Bond Fund and can only be used for the specified environmental purposes, including the costs of issuing the bonds. The bill is tied to another legislative bill and will only take effect if that companion bill is also enacted into law.

Agriculture and Natural Resources

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4459