State management: funds; report regarding federal funding and its impact on state revenue; provide for. Amends 1984 PA 431 (MCL 18.1101 - 18.1594) by adding sec. 142. TIE BAR WITH: HB 6123'26

This bill requires the state treasurer to create a monthly report tracking whether the federal government owes Michigan money due to ignored court orders and calculating any future payments Michigan must make to the federal government. The report will detail specific financial items such as federal taxes owed by state employers, debt offsets, and grant repayments, and it must be prepared in consultation with the state budget director. Additionally, the bill mandates that the state treasurer withhold federal payments if the amounts owed by the federal government exceed the amounts Michigan is required to pay. This legislation is currently tied to a companion bill, meaning it will not take effect unless both are passed by the legislature.