State management: funds; the Michigan safeguarding tomorrow revolving loan fund; create. Amends title of 1976 PA 390 (MCL 30.401 - 30.421) & adds sec. 11b.

This bill creates the Michigan Safeguarding Tomorrow Revolving Loan Fund within the state treasury to support disaster risk mitigation efforts. The state treasurer will manage the fund by accepting donations, directing investments, and retaining interest earnings, while the Department of Emergency Management will administer its use. Money in the fund will not be transferred to the general budget at the end of each fiscal year, ensuring resources remain available for future projects. The department is authorized to spend the fund's money annually to carry out the objectives of the Safeguarding Tomorrow Through Ongoing Risk Mitigation Act.