A bill to amend 1982 PA 249, entitled “An act to establish the state children’s trust fund in the department of treasury; and to provide certain powers and duties of the department of treasury with respect to the trust fund,” by amending section 1 (MCL 21.171), as amended by 2014 PA 306.
The legislation amends the management of Michigan's children's trust fund, increasing the disbursement cap to 8% of the fund's rolling average starting in fiscal year 2025, and mandates annual financial reporting to legislative appropriations committees.
Co-sponsored by Sens.
Referred to the Committee on Housing and Human Services
