Veterans: other; Michigan veterans coalition fund; create. Creates new act. TIE BAR WITH: SB 208'25
Take action
Take a stance or write a position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill establishes the Michigan Veterans Coalition Fund, a new account within the state treasury. The fund will be managed by the Michigan Veterans Affairs Agency and used exclusively to support the Michigan Veterans Coalition Grant Program. The state treasurer will oversee the fund’s investments and ensure any earnings are credited back to the fund. This fund’s creation is contingent upon the enactment of Senate Bill 208.
Key provisions
- Creates the Michigan Veterans Coalition Fund within the state treasury.
- Designates the Michigan Veterans Affairs Agency as the administrator of the fund.
- Specifies that the fund’s revenue cannot lapse to the general fund.
- Requires the fund to earn interest and credit earnings from investments.
- Authorizes the agency to expend funds solely for the Michigan Veterans Coalition Grant Program.
Who is affected
- Veterans
- Michigan Veterans Affairs Agency
- State Treasury
- Grant recipients (through the grant program)
Notable changes
- Establishes a dedicated funding source for the Michigan Veterans Coalition Grant Program.
Fiscal impact
The bill does not explicitly state a fiscal impact.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Senate Introduced Bill
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
No sponsors are on record.
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours