Environmental protection: funding; solid waste management fund; establish account to fund material waste reduction, reuse, recycling, and recovery. Amends secs. 11550 & 11582 of 1994 PA 451 (MCL 324.11550 & 324.11582).

SB 201 establishes a new "circular economy institute account" within Michigan's solid waste management fund, requiring at least 10% of funds allocated to the solid waste staff and perpetual care accounts to support this institute. The bill creates three grant programs: recycling markets (funding equipment/tech for recycled materials), local recycling innovation (funding infrastructure and education), and recycling access (aiding local governments meeting waste reduction benchmarks). These programs target local governments, nonprofits, and businesses to boost recycling infrastructure, improve waste management practices, and develop markets for recycled materials. The funding directly affects Michigan State University (through the institute) and entities applying for the new grant programs.