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

Summary

The bill establishes the Safeguarding Tomorrow Revolving Loan Fund in the state treasury, funded by federal disaster relief money and other sources. It lets local governments and eligible tribes borrow from the fund for disaster‑related costs, and requires the fund’s assets to stay in the fund year after year.

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