Informing the Legislature that on June 25, 2026, the Governor signed the following bill into law: SB2921 SD1 HD1 CD1 (ACT 148).
This bill directs the Director of Finance to move approximately $47.2 million from various state special funds into the general fund for fiscal year 2026-2027. The transfer includes balances from diverse areas such as tobacco enforcement, mental health services, and tax administration that exceed their specific annual requirements. The legislation aims to create a financial reserve to help the state maintain essential services if federal funding decreases or economic conditions worsen. It explicitly states that these transfers must not harm the state's ability to receive federal aid or meet existing contracts and bond obligations.
Bill status
introduced
1 of 4 stages cleared
Introduction
Jun 2026
Committee Review
Floor Vote
Governor
Introduced Jun 26, 2026
Last action Jun 26, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about GM 1249
Scope: HI
Hi! I can help you understand GM 1249. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline