State management: funds; safeguarding tomorrow revolving loan fund; create. Amends 1976 PA 390 (MCL 30.401 - 30.421) by adding sec. 19a. TIE BAR WITH: HB 5964'26

This bill creates a new "Safeguarding Tomorrow Revolving Loan Fund" within the state treasury to support disaster recovery efforts. It authorizes the state treasurer to deposit federal disaster relief funds and other assets into this fund, which will be invested to generate interest that remains in the fund rather than being returned to the general budget. The designated department will manage the fund, using its resources only to cover administrative costs, while allowing political subdivisions and recognized tribes to borrow money from it for disaster-related expenses under existing federal guidelines.