Appropriations: supplemental; funding for certain nonprofit organizations; provide for. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 90nn to ch. 8H. TIE BAR WITH: HB 4998'25

HB 4999 creates the Michigan Nonprofit Development Fund (ND Fund) within the state treasury to support nonprofit organizations. The fund receives state appropriations and other assets, which the treasurer invests, with earnings credited back to the fund. Money in the fund can be used for grants to statewide nonprofit organizations, interest-free micro bridge loans, or administrative costs (up to 10% of annual funding), with excess funds over $5 million annually transferred to the general fund. This bill directly affects qualifying nonprofits receiving grants or loans, providing a dedicated funding mechanism for their services.