SB 0574
State management: funds; money in the 21st century jobs trust fund; modify disbursement of. Amends sec. 7 of 2000 PA 489 (MCL 12.257).
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies how funds are managed and disbursed within the 21st Century Jobs Trust Fund, which receives money from tobacco settlement revenues and other sources. It clarifies that money in the fund does not automatically revert to the general fund at the end of a fiscal year and outlines specific deposit amounts from tobacco settlement revenue over time. The bill also addresses the investment of the trust fund’s assets and the distribution of interest earned.
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