Michigan 2023-2024 Regular Session

Michigan House Bill HB6070

Introduced
11/12/24  

Caption

Environmental protection: other; general obligation bond issuance; provide for. Creates new act. TIE BAR WITH: HB 6071'24

Impact

The introduction of HB 6070 could significantly influence environmental statutes and funding mechanisms within Michigan. By enabling the state to borrow a substantial sum for environmental purposes, it provides a means to tackle pressing issues like pollution and habitat degradation effectively. The bonds would be backed by the full faith and credit of the state, thus ensuring a level of financial security for investors and potentially catalyzing large-scale cleanup efforts and protective measures across various ecosystems. This act aligns with broader environmental goals and could serve as a benchmark for future initiatives aimed at promoting sustainability and ecological health.

Summary

House Bill 6070, known as the Clean Michigan 2 Initiative Act, proposes the issuance of general obligation bonds amounting to up to $2 billion. The intent of the bill is to finance various environmental and natural resources protection programs, aiming to clean up contaminated sites, improve water quality, prevent pollution, and abate lead contamination, among other initiatives. Additionally, the funds will be used to reclaim and revitalize community waterfronts and clean up sediments in lakes, rivers, and streams. This legislative action seeks to enhance the environmental wellbeing of Michigan and ensure safer, cleaner communities.

Contention

One key point of contention surrounding HB 6070 relates to its financial implications, particularly how the state plans to repay the borrowed amount. The bill stipulates that the repayment method will be drawn from the state's general fund, which raises concerns about potential impacts on other budgetary allocations. Critics may argue about the feasibility and sustainability of this financial strategy, while advocates emphasize the importance of investing in environmental health for long-term benefits. Another area of debate could involve the prioritization of funding allocations within the environmental programs, as competing interests in public health, local community needs, and ecological restoration efforts could lead to differing opinions on the best use of the available resources.

Companion Bills

MI HB6071

Same As Environmental protection: funding; clean Michigan 2 initiative funds; provide for distribution and allocation. Amends 1994 PA 451 (MCL 324.101 - 324.90106) by adding pt. 198. TIE BAR WITH: HB 6070'24

Similar Bills

MI HB5935

Environmental protection: funding; clean Michigan initiative; reauthorize issuance of general obligation bonds. Creates new act.

MI SB0606

Environmental protection: cleanups; cleanup to residential and safe drinking water standards; require unless technically infeasible. Amends secs. 20118, 20120a, 20120b, 20120e & 20121 of 1994 PA 451 (MCL 324.20118 et seq.). TIE BAR WITH: SB 0605'23, SB 0607'23

MI HB5242

Environmental protection: cleanups; cleanup to residential and safe drinking water standards; require unless technically infeasible. Amends secs. 20118, 20120a, 20120b, 20120e & 20121 of 1994 PA 451 (MCL 324.20118 et seq.). TIE BAR WITH: HB 5247'23, HB 5245'23

MI HB5744

Property tax: exemptions; personal property constituting certain hydrogen fuel pumps; exempt. Amends secs. 27 & 34d of 1893 PA 206 (MCL 211.27 & 211.34d) & adds sec. 9q.

MI HB4111

Property tax: exemptions; personal property constituting certain hydrogen fuel pumps; exempt. Amends secs. 27 & 34d of 1893 PA 206 (MCL 211.27 & 211.34d) & adds sec. 9q. TIE BAR WITH: HB 4112'25

MI HB6173

Property: land sales; seller disclosure statement; revise to reflect septic tank inspection. Amends sec. 7 of 1993 PA 92 (MCL 565.957).

MI HB4110

Property: land sales; seller disclosure statement; require to reflect yearly property taxes based on current assessed value of property. Amends sec. 7 of 1993 PA 92 (MCL 565.957).

MI HB4708

Property tax: exemptions; electric vehicle charging stations; exempt. Amends secs. 27 & 34d of 1893 PA 206 (MCL 211.27 & 211.34d) & adds sec. 7yy.