HomeMy WebLinkAboutResolutions - 2002.08.08 - 26726REPORT (MISC. #02177) August 8, 2002
BY: General Government Committee, William Patterson, Chairperson
IN RE: MR #02177 - BOARD OF COMMISSIONERS - SUPPORT FOR BALLOT
PROPOSAL 2 - FUNDS FOR THE FUTURE
To the Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
The General Government Committee, having reviewed the above-
titled resolution on July 22, 2002, recommends that the resolution
be adopted.
Chairperson, on behalf of the General Government Committee, I
move acceptance of the foregoing report.
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GENERAL GOVERNMENT COMM TTEE
GENERAL GOVERNMENT COMMITTEE VOTE:
Motion carried unanimously on a roll call vote.
Miscellaneous Resolution # 02177 _
BY: Commissioners Peter H. Webster, District #22, Lawrence A. Obrecht, District #3
and Shelley Goodman Taub, District #12
RE: Board of Commissioners — Support for Ballot Proposal 2 - Funds for the
Future
TO: Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS, Proposal 2 — Funds for the Future will appear on the August 6
Michigan primary ballot and if approved will allow the State Treasurer to invest Michigan
Natural Resources Trust Fund (MNRTF) revenues in the same manner as is currently
provided for in the Public Employees Retirement System Investment Act; and
WHEREAS, Proposal 2 — Funds for the Future raises the MNRTF cap from $400
million to $500 million; and
WHEREAS, Proposal 2 — Funds for the Future removes the provision that states
that when the principal of the MNRTF reaches $200 million, the state may no longer
expend 1/3 of the annual mineral revenues; and
WHEREAS, Proposal 2 — Funds for the future allows the State Treasurer to invest
Michigan State Parks Endowment Fund revenues in the same manner as is currently
provided for in the Public Employees Retirement System Investment Act; and
WHEREAS, Proposal 2 — Funds for the Future allows the appropriation of interest
and earnings and up to 50 percent of the annual revenues to the State Parks Endowment
Fund; and
WHEREAS, Proposal 2 — Funds for the Future allows the State Parks Endowment
Fund to be used to purchase land or rights in land; and
WHEREAS, Proposal 2 — Funds for the Future transfers investment authority for the
Veterans Trust Fund to the State Treasurer and requires the State Treasurer to annually
report to the Legislature identifying the interest and earnings of the Fund, increases (if
any) from investments and how funds have been spent; and
WHEREAS, Proposal 2 — Funds for the Future allows the State Treasurer to invest
revenues from the Veterans Trust Fund, Game and Fish Protection Trust Fund, Nongame
Fish and Wildlife Trust Fund, and Michigan Civilian Conservation Corps Endowment Fund
in the same manner as is currently provided for in the Public Employees Retirement
System Investment Act; and
G.g..1
Shelley Goodm
District #12
WHEREAS, the passage of Proposal 2 — Funds for the Future is critical for
maintaining and enhancing important funding sources to improve recreation opportunities
and enhance the quality of life for Michigan citizens both today and in the future; and
WHEREAS, the Oakland County Parks and Recreation Commission voted on June
10, 2002 to support the passage of Proposal 2 — Funds for the Future.
NOW THEREFORE BE IT RESOLVED THAT the Oakland County Board of
Commissioners supports the passage of Proposal 2 - Funds for the Future, which will be
placed before voters on the August 6, 2002 Michigan Primary Ballot.
BE IT FURTHER RESOLVED THAT copies of this adopted resolution be forwarded
to the Governor of the State of Michigan, the Oakland County delegation to the state
legislature, the Michigan Association of Counties, the Oakland County Parks and
Recreation Commission and Oakland County's legislative lobbyists.
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Lawrence A. Obrecht
District #3
Chairperson, I move the adoption of the foregoing Resolution.
/
Pe -r . Webster
District #22
/IA it 75
Resolution #02177 July 18, 2002
The Chairperson referred the resolution to the General Government Committee. There were no objections.
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G. William Caddell, County Clerk
Resolution #02177 August 8, 2002
Moved by Patterson supported by Webster the resolution be adopted.
Moved by Patterson supported by Webster the General Government Committee Report be accepted.
A sufficient majority having voted therefore, the report was accepted.
Vote on resolution:
AYES: Coleman, Crawford, Dingeldey, Douglas, Garfield, Gregory, Law, McPherson, Melton,
Middleton, Moffitt, Moss, Obrecht, Palmer, Patterson, Sever, Suarez, Taub, Webster, Amos, Appel,
Brian, Buckley, Causey-Mitchell. (24)
NAYS: None. (0)
A sufficient majority having voted therefore, the resolution was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, G. William Caddell, Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true
and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on August 8,
2002, with the original record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County of Oakland at Pontiac,
Michigan this 8th day of August, 2002.