Children: other; rolling average amount for disbursement under the children's trust fund; increase. Amends sec. 1 of 1982 PA 249 (MCL 21.171).

Where it is in the process

Plain-English Summary

This bill amends an existing act to change how much money can be disbursed from the Michigan children's trust fund. Starting in fiscal year 2025, up to 8% of the fund's 12-quarter rolling average will be available for disbursement, an increase from previous percentages. The bill also requires the state treasurer to report annually on the fund's revenues and expenditures, including how investment changes affect earnings.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 7 Sponsors

Democrat1Republican6Independent0Other0

R · PrimeBryan Posthumus
D · CoJohn Fitzgerald
R · CoAngela Rigas
R · CoTom Kunse
R · CoKen Borton
R · CoMatthew Bierlein
R · CoSteve Frisbie

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