SB 0419
Children: other; rolling average amount for disbursement under the children’s trust fund; increase. Amends sec. 1 of 1982 PA 249 (MCL 21.171).
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill changes how money is disbursed from the state children’s trust fund. It establishes a rolling average calculation, considering unrealized gains and losses, to determine the amount available for disbursement. Starting in fiscal year 2018, the amount available for disbursement will increase over time, reaching up to 8% of the rolling average by fiscal year 2026, subject to certain minimum fund balance thresholds.
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