State management: funds; amendments related to the creation of the revenue sharing trust fund; provide for. Amends title & sec. 2 of 2000 PA 489 (MCL 12.252). TIE BAR WITH: SB 561'25, SB 559'25
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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 modifies the Michigan Trust Fund Act by defining several specific trust funds, including the Community District Education Trust Fund, the Flint Settlement Trust Fund, and the Revenue Sharing Trust Fund. It clarifies the meaning of terms related to these funds, such as ‘Tobacco Settlement Revenue’ and ‘Medicaid Special Financing Payments,’ and establishes the creation and administration of grant programs. The bill’s implementation is contingent upon the passage of Senate Bills 561 and 559.
Key provisions
- Defines the Community District Education Trust Fund.
- Defines the Flint Settlement Trust Fund.
- Defines the Local Government Reimbursement Fund.
- Defines the Medicaid Benefits Trust Fund.
- Defines the Revenue Sharing Trust Fund.
- Establishes the Michigan Merit Award Trust Fund.
- Establishes the Michigan Opioid Healing and Recovery Fund.
- Defines ‘Tobacco Settlement Revenue’.
Who is affected
- State government
- Local government entities
- Educational institutions
- Healthcare providers
- Residents of Michigan
Notable changes
- Clarifies definitions related to existing trust funds.
- Establishes new trust funds with specific purposes.
- Links the bill’s enactment to the passage of Senate Bills 561 and 559.
Bill text
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- Senate Introduced Bill
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