Environmental protection: other; general obligation bond issuance; provide for. Creates new act. TIE BAR WITH: HB 4460'25

HB 4459 proposes to authorize the state of Michigan to borrow up to $2 billion by issuing general obligation bonds. These funds would finance environmental and natural resources protection programs across the state. The programs include cleaning up and redeveloping contaminated sites, protecting and improving water quality, preventing pollution, abating lead contamination, and revitalizing community waterfronts and waterways. The issuance of these bonds requires approval by a vote of the state's electors at the next general election, with repayment coming from the state's general fund.