State management: funds; cap and distribution of funds in the disaster and contingency fund; modify, and create new fund. Amends title & secs. 18 & 19 of 1976 PA 390 (MCL 30.418 & 30.419) & adds sec. 18a.
SB 109 establishes caps on Michigan's disaster and contingency fund reserves and creates a distribution mechanism for excess accumulated funds.