[nfbmi-talk] whateverhappened to newsline for blind fund?
joe harcz Comcast
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Fri Dec 17 16:18:41 UTC 2010
Page 1 of 2 5354/0506 LAND CONVEYANCE H.B. 5354 (H-3): COMMITTEE SUMMARY House Bill 5354 (Substitute H-3 as passed by the House
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Page 1 of 2
Bill Analysis @ www.senate.michigan.gov/sfa
H.B. 5354 (H-3): COMMITTEE SUMMARY
House Bill 5354 (Substitute H-3 as passed by the House)
Sponsor: Representative Michael C. Murphy
House Committee: Regulatory Reform
Senate Committee: Appropriations
Date Completed: 5-9-06
The bill would authorize the State Administrative Board to convey the site of the former
Michigan School for the Blind (approximately 35 acres), located in the City of Lansing, under
the jurisdiction of the Department of Education (DOE), at fair market value, as determined
by independent appraisals. The bill also would create the "Newsline for the Blind Fund"
within the Department of Treasury.
The Director of the Department of Management and Budget (DMB) would have to offer the
property for sale first to the Mid-Michigan Leadership Academy (a nonprofit public school
academy), which would have the first right to purchase the property for up to 180 days
after the effective date of the bill. If the property were not sold to the Mid-Michigan
Leadership Academy, the DMB would have to convey the property in a way to realize the
best value to the State, by competitive bidding, public auction, use of a real estate
brokerage, or offering the property for sale at fair market value to a local unit of
government. If a local unit of government purchased the property, and then intended to
convey it within 10 years of the conveyance from the State, the local unit of government
would have to notify the DMB director in writing of its intent to convey the property. The
DMB would retain a first right to purchase the property within 90 days at the original sale
price, plus the costs of improvements as determined by an appraiser. If the State waived
its first refusal right, the local unit of government would have to pay the State 50% of the
difference between the sale price of the original conveyance and the sale price of the
subsequent sale to a third party.
The net revenue received from the sale of the property would be distributed as follows:
• 5% or $50,000 (whichever was less) to the Newsline for the Blind Fund;
• 5% or $50,000 (whichever was less) to the Michigan School for the Blind Trust Fund
(managed by the DOE) for the support of Camp Tuhsmeheta in Greenville, Michigan;
• the balance to be deposited into the State's General Fund.
The Newsline for the Blind Fund would be managed by the State Treasurer, who would
direct the investment of the Fund. Interest and earnings from the Fund would be credited
to it. The Michigan Commission for the Blind could spend money from the Fund, upon
appropriation, only for distribution to the National Federation of the Blind (NFB) of Michigan
for the purpose of the NFB-newsline program.
"Net revenue" would be defined as the proceeds of the sale less reimbursement for any
costs to the State associated with the sale of property.
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Bill Analysis @ www.senate.michigan.gov/sfa
The State would not reserve the oil, gas, or mineral rights, but if the purchaser or any
grantee developed oil, gas, or minerals found on, within, or under the conveyed property,
the purchaser would have to pay the State half of the gross revenue generated from that
development. The payment would have to be deposited into the Natural Resources Trust
Fund. The State would reserve all aboriginal antiquities, including mounds, earthworks,
forts, burial and village sites, mines, and other relics lying on, within, or under the property.
The bill would provide a one-time revenue increase for the State. A current appraisal of the
property indicates a value of $960,000. If one assumes that the net revenue from the sale
would provide $960,000, then $48,000 (5%) would be deposited into the Newsline for the
Blind Fund, $48,000 (5%) to Michigan School for the Blind Trust Fund, and the balance
($864,000) would be deposited into the State's General Fund.
Fiscal Analyst: Mike Hansen
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an
official statement of legislative intent.
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