Michigan 2025-2026 Regular Session

Michigan Senate Bill SB0178

Introduced
3/18/25  

Caption

Appropriations: department of insurance and financial services; appropriations for fiscal year 2025-2026; provide for. Creates appropriation act.

Impact

The bill's implications may significantly influence state laws governing funding for the Department of Insurance and Financial Services. By establishing a clear financial framework, it provides a foundation for the department's operations, enabling it to administer various insurance and financial regulations effectively. However, with the allocated budget being notably minimal, there could be questions about the department's ability to fulfill its responsibilities adequately given the constraints on resources.

Summary

Senate Bill 178 proposes appropriations for the Department of Insurance and Financial Services for the fiscal year ending September 30, 2026. The bill includes a gross appropriation amounting to $100 from the state general fund. This suggests a streamlined budget allocation, likely aimed at ensuring necessary functioning and operations of the department without extensive financial commitment from the state.

Contention

While the bill may pass without much controversy due to the minimal appropriation involved, there are generally concerns regarding the adequacy of funding for critical services. Stakeholders might raise questions about the department's capability to carry out its mandate effectively with such a small budget. Additionally, the impact on local government funding, as no appropriations are mentioned for local units, could spark debates on the adequacy of state support for local services, leading to discussions on whether this approach meets the needs of the community.

Companion Bills

No companion bills found.

Similar Bills

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

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Appropriations: supplemental; appropriations for multiple departments and branches for fiscal year 2024-2025; provide for. Creates appropriation act.