The bill would amend the Management and Budget Act (Public Act 431 of 1984) to provide for withdrawals from the Counter-Cyclical Budget and Economic Stabilization Fund (BSF) for fiscal year (FY) 2000-01 and FY 2001-02. Specifically, the bill would add Sec. 353c(10) and Sec. 353c(11) to provide for two separate withdrawals and appropriations from the BSF during FY 2000-01. The withdrawal authorized under Sec. 353c(10) would allow a withdrawal and appropriation to the General Fund in the amount of $77.0 million. The withdrawal authorized under Sec. 353c(11) would allow the State Budget Director to make an additional withdrawal and appropriation to the General Fund as part of the FY 2000-01 bookclosing process. This withdrawal and appropriation would be limited to an amount necessary to balance the FY 2000-01 General Fund budget before net General Fund appropriation lapses are considered. The bill also would require the State Budget Director immediately to provide a report to the Senate and House Appropriations Committees and the fiscal agencies as to the calculation used to make the withdrawal authorized under Sec. 353c(11).