[nfbmi-talk] whateverhappened to newsline for blind fund?

Sat Dec 18 04:18:17 UTC 2010

Hi Joe, 

This may be worth following up on.  We may be able to go directly back to
the legislature to restore this.

Good work.

Fred

-----Original Message-----
From: nfbmi-talk-bounces at nfbnet.org [mailto:nfbmi-talk-bounces at nfbnet.org]
On Behalf Of joe harcz Comcast
Sent: Friday, December 17, 2010 11:19 AM
To: nfbmi-talk at nfbnet.org
Subject: [nfbmi-talk] whateverhappened to newsline for blind fund?

http://webcache.googleusercontent.com/search?hl=en&q=cache:oQLhAtM5oHUJ:http
://www.legislature.mi.gov/documents/2005-2006/billanalysis/Senate/pdf/2005-S
FA-5354-S.pdf+michigan+trust+fund+school+for+blind&ct=clnk

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

This is the html version of the file

http://www.legislature.mi.gov/documents/2005-2006/billanalysis/Senate/pdf/20
05-SFA-5354-S.pdf.

Google automatically generates html versions of documents as we crawl the
web.

Page 1

Page 1 of 2

Bill Analysis @ www.senate.michigan.gov/sfa

5354/0506

LAND CONVEYANCE

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

CONTENT

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.

Page 2

Page 2 of 2

Bill Analysis @ www.senate.michigan.gov/sfa

5354/0506

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.

FISCAL IMPACT

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

SAS\S0506\s5354sa

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.
_______________________________________________
nfbmi-talk mailing list
nfbmi-talk at nfbnet.org
http://www.nfbnet.org/mailman/listinfo/nfbmi-talk_nfbnet.org
To unsubscribe, change your list options or get your account info for
nfbmi-talk:
http://www.nfbnet.org/mailman/options/nfbmi-talk_nfbnet.org/f.wurtzel%40comc
ast.net