to adopt the amendment for HB 4234, as substitute (H-1).
Representative Huizenga moved to adopt the amendment for HB 4234, as substitute (H-1). The motion prevailed by a vote of 28-0-0. FAVORABLE ROLL CALL: Yeas: Reps. Hernandez, Miller, Albert, Allor, Brann, VanSingel, Whiteford, Yaroch, Bollin, Glenn, Green, Huizenga, Lightner, Maddock, Slagh, VanWoerkom, Hoadley, Love, Pagan, Hammoud, Peterson, Sabo, Anthony, Brixie, Cherry, Hood, Kennedy, and Tate. Nays: None. Pass: None. Representative Lightner offered the following amendments for HB 4234, as substitute (H-1): 1. Amend page 149, line 10, by striking out all of subsection (6) and inserting: "(6) Any city, village, or township eligible to receive a payment under subsection (1) and determined to have a retirement pension benefit system that is less than 60% funded, according to the most recent annual report, must allocate an amount equal to its current year eligible payment under subsection (1) less the sum of its eligible payment for city, village, and township revenue sharing and supplemental city, village, and township revenue sharing in fiscal year 2018-2019 to its pension unfunded liability. A city, village, or township that has issued a municipal security under section 518 of the revised municipal finance act, 2001 PA 34, MCL 141.2518 is exempt from this requirement.". 2. Amend page 150, line 5, by striking out all of subsection (3) and inserting: 3. "(3) Any county eligible to receive a payment under subsection (1) and determined to have a retirement pension benefit system that is less than 60% funded, according to the most recent annual report, must allocate an amount equal to the sum of its current year eligible payment for county revenue sharing and the county incentive program less the sum of its fiscal year 2018-2019 eligible payment for county revenue sharing, the county incentive program, and supplemental county revenue sharing to its pension unfunded liability. A county that has issued a municipal security under section 518 of the revised municipal finance act, 2001 PA 34, MCL 141.2518 is exempt from this requirement.". Representative Lightner explained the amendments.