Environmental protection: funding; clean Michigan 2 initiative funds; provide for distribution and allocation. Amends 1994 PA 451 (MCL 324.101 - 324.90106) by adding pt. 198.

HB 6071 establishes the legal framework for issuing and managing bonds to fund the Clean Michigan 2 initiative, which aims to protect the environment and natural resources across the state. The bill authorizes the State Administrative Board to issue negotiable, tax-exempt bonds and creates a dedicated fund in the state treasury to hold the proceeds. These funds are specifically allocated for projects such as cleaning up brownfields, upgrading water infrastructure, and remediating contaminated sediments in lakes and rivers. By adding a new section to the Natural Resources and Environmental Protection Act, the legislation provides the necessary tools to finance these environmental improvements while defining key terms and administrative procedures.