Environmental protection: funding; clean Michigan initiative reauthorization funds; provide for distribution and allocation. Amends 1994 PA 451 (MCL 324.101 - 324.90106) by adding pt. 198.

This bill authorizes the issuance of bonds to fund the Clean Michigan Initiative Reauthorization, directing the money toward specific environmental projects across the state. The legislation establishes a dedicated fund in the state treasury to manage these resources and sets strict spending limits for various categories, including cleanup of contaminated sites, waterfront improvements, air quality measures, and lead hazard abatement. It grants the State Administrative Board the authority to manage the bond sales, handle financial transactions like refinancing, and oversee the allocation of funds to ensure they are used for the intended environmental purposes.