Military affairs: other; Michigan National Guard member benefit fund; create. Creates new act. TIE BAR WITH: SB 0540'25, SB 0542'25
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill establishes the Michigan National Guard Member Benefit Fund within the state treasury. The fund will be managed by the Department of Military and Veterans Affairs and will receive deposits from various sources, including investment earnings. Funds from the fund are specifically designated to support the Michigan National Guard Tuition Assistance Act and the Michigan National Guard Child Care Assistance Act. The fund’s operation is contingent upon the enactment of Senate Bills 540 and 542.
Key provisions
- Creates the Michigan National Guard Member Benefit Fund.
- The State Treasurer will manage the fund's investments.
- Funds in the fund do not lapse to the general fund.
- The Department of Military and Veterans Affairs will administer the fund.
- The fund will support the Michigan National Guard Tuition Assistance Act.
- The fund will support the Michigan National Guard Child Care Assistance Act.
Who is affected
- Michigan National Guard members
- The Department of Military and Veterans Affairs
- Students receiving tuition assistance
- Families receiving child care assistance
Notable changes
- Designates a specific fund for supporting tuition and child care assistance programs for National Guard members.
Bill text
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Document of record
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- Senate Introduced Bill
- Published
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