Bill > HB4566

This bill appropriates $100 for the Department of Insurance and Financial Services (DIFS) for the fiscal year ending September 30, 2026, with the entire amount coming from the state general fund/general purpose budget. The bill specifies that this appropriation is subject to the Management and Budget Act and follows state constitutional requirements, which mandate reporting of total state spending from state sources. While the appropriation amount is extremely low (only $100), which is likely a placeholder or symbolic amount, the bill establishes the legal framework for funding the department's operations for the upcoming fiscal year. The bill does not allocate any funds to local units of government and ensures that the spending will be managed in accordance with existing state financial management regulations.

Budget and Finance

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4566