State management: funds; accounting of expenditures in the disaster and emergency contingency fund; provide for. Amends title & secs. 18 & 19 of 1976 PA 390 (MCL 30.418 & 30.419) & adds sec. 18a.

This bill amends Michigan's Emergency Management Act to update the title and modify how the state manages its disaster and emergency contingency fund. It increases the annual funding limit for this emergency reserve from $10 million to $25 million and ensures that any leftover money rolls over to future years instead of returning to the general fund. Additionally, the legislation creates a new state hazard mitigation fund that receives 20% of the remaining emergency funds each year, provided the balance stays above $5 million. These new funds are specifically designated for long-term projects that reduce future disaster risks, such as rebuilding infrastructure to better withstand hazards.