State finance: bonds; revenue derived from tobacco taxes; modify disbursement of. Amends sec. 12 of 1993 PA 327 (MCL 205.432).

HB 5087 amends Michigan's tobacco tax revenue distribution, changing how funds from cigarette and other tobacco product taxes are allocated. The key change adds an annual inflation adjustment (based on the Consumer Price Index) to the $3 million allocated yearly to the Michigan State Capitol Historic Site Fund for maintenance and preservation projects. The bill maintains existing allocations, directing 41.62% to the state school aid fund, 31.875% to the Medicaid trust fund, 2.4375% to health and safety programs, and 0.555% to county indigent health care. These changes directly affect public schools, Medicaid services, state health programs, and Capitol building maintenance.