Environmental protection: funding; clean Michigan initiative; reauthorize issuance of general obligation bonds. Creates new act.

This bill proposes to authorize Michigan to borrow up to $10 billion through general obligation bonds to fund environmental and public health programs. The funds would be used for projects such as repairing water and sewer infrastructure, cleaning up contaminated sites, improving air and water quality, and revitalizing waterfronts. Before any bonds are issued, the bill requires that the question be put to a vote of the state's electors at the next general election. If voters approve the measure, the state would pledge its full faith and credit to pay the bond principal and interest from the general fund.