State management: funds; 21st century jobs trust fund; modify. Amends secs. 7 & 8 of 2000 PA 489 (MCL 12.257 & 12.258). TIE BAR WITH: SB 1072'26

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Plain-English Summary

This bill amends the Michigan Trust Fund Act to update provisions related to the 21st Century Jobs Trust Fund. It clarifies the sources of money for the fund, including donations, tobacco settlement revenues, and other state appropriations. The bill also specifies how the state treasurer must invest and disburse money from the fund, primarily for programs under the Michigan Strategic Fund Act.

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R · PrimeMichael Webber

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