Bill > HB4460

This bill establishes the Clean Michigan 2 Initiative, which creates a comprehensive environmental protection and infrastructure funding mechanism through bond issuance. The bill authorizes the state to issue up to $1.8 billion in bonds for various environmental projects, with specific allocations including $410 million for cleanup and redevelopment, $1 billion for water infrastructure, $25 million for lake and river sediment remediation, $200 million for pollution prevention, $25 million for water quality monitoring, $40 million for pollution prevention programs, and $300 million for lead hazard abatement. The legislation creates a Clean Michigan 2 Initiative Bond Fund in the state treasury and establishes detailed guidelines for how these funds can be used, including grants and loans to local governments for brownfield redevelopment, environmental cleanup, and water infrastructure improvements. The bill includes strict accountability measures, such as requiring annual reporting to the legislature, performance audits every two years, and specific conditions for grant and loan recipients. Importantly, the bill prioritizes projects that provide measurable environmental and economic benefits, with a focus on addressing public health risks, supporting environmental justice communities, and facilitating the redevelopment of underutilized properties. The bonds will be tax-exempt and can be issued in multiple series, with the state administrative board having significant flexibility in managing the bond issuance process.

Agriculture and Natural Resources

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4460