Section 12.251 – Short Title.

12.251 Short title. Sec. 1. This act shall be known and may be cited as the “Michigan trust fund act”. History: 2000, Act 489, Imd. Eff. Jan. 11, 2001

Section 12.252 – Definitions.

12.252 Definitions. Sec. 2. As used in this act: (a) “Community district education trust fund” means the community district education trust fund created in section 12. (b) “Flint settlement trust fund” means the Flint settlement trust fund created in section 11. (c) “Medicaid benefits trust fund” means the Michigan Medicaid benefits trust fund established in […]

Section 12.253 – Michigan Opioid Healing and Recovery Fund.

12.253 Michigan opioid healing and recovery fund. Sec. 3. (1) The Michigan opioid healing and recovery fund is created in the department of treasury. (2) The state treasurer shall deposit all proceeds received by this state as a result of any judgment, settlement, or compromise of claims pertaining to violations, or alleged violations, of law […]

Section 12.254 – Strategic Outreach and Attraction Reserve Fund.

12.254 Strategic outreach and attraction reserve fund. Sec. 4. (1) The strategic outreach and attraction reserve fund is created in the department of labor and economic opportunity. (2) The state treasurer shall deposit money and other assets received from state appropriations or from any other source in the strategic outreach and attraction reserve fund. The […]

Section 12.255 – Michigan Medicaid Benefits Trust Fund.

12.255 Michigan medicaid benefits trust fund. Sec. 5. (1) The Michigan medicaid benefits trust fund is established in the department of treasury. The medicaid benefits trust fund shall consist only of the following: (a) Interest and earnings from medicaid benefits trust fund investments. (b) Donations of money made to the medicaid benefits trust fund from […]

Section 12.256 – Expenditure of Medicaid Benefits Trust Fund Revenues.

12.256 Expenditure of medicaid benefits trust fund revenues. Sec. 6. The legislature shall authorize the expenditure of medicaid benefits trust fund revenues through an appropriation act only for 1 or more of the following purposes: (a) To finance a shortfall in the medicaid program due to a disallowance of medicaid payments from the federal government. […]

Section 12.257 – 21st Century Jobs Trust Fund; Establishment; Investment; Money Remaining at Close of Fiscal Year; Deposit of Interest and Earnings; Michigan Tobacco Settlement Revenue; Deposit.

12.257 21st century jobs trust fund; establishment; investment; money remaining at close of fiscal year; deposit of interest and earnings; Michigan tobacco settlement revenue; deposit. Sec. 7. (1) The 21st century jobs trust fund is established in the department of treasury. The 21st century jobs trust fund consists of donations of money made to the […]

Section 12.258 – Transfer and Disbursement of Funds; Purpose.

12.258 Transfer and disbursement of funds; purpose. Sec. 8. Upon request from the fund board as defined in section 88a of the Michigan strategic fund act, 1984 PA 270, MCL 125.2088a, the state treasurer shall transfer and disburse appropriated funds from the 21st century jobs trust fund only for the purpose of carrying out and […]

Section 12.259 – Michigan Merit Award Trust Fund; Establishment; Money Remaining at Close of Fiscal Year; Investment; Allocation of Tobacco Settlement Revenue.

12.259 Michigan merit award trust fund; establishment; money remaining at close of fiscal year; investment; allocation of tobacco settlement revenue. Sec. 9. (1) The Michigan merit award trust fund is established in the department of treasury. The Michigan merit award trust fund shall consist only of interest and earnings from Michigan merit award trust fund […]

Section 12.260 – Michigan Merit Award Trust Fund; Disbursement of Funds; Purpose.

12.260 Michigan merit award trust fund; disbursement of funds; purpose. Sec. 10. Upon appropriation, the state treasurer shall disburse funds from the Michigan merit award trust fund for 1 or more of the following purposes: (a) Michigan merit award scholarships under the Michigan merit award scholarship act, 1999 PA 94, MCL 390.1451 to 390.1459, or […]

Section 12.261 – Flint Settlement Trust Fund.

12.261 Flint settlement trust fund. Sec. 11. (1) The Flint settlement trust fund is created within the state treasury. The Flint settlement trust fund is established to address the consolidated cases known as In re Flint Water Cases, No. 5:16-cv-10444-JEL-MKM (ED Mich), in connection with the preliminary approval orders, any amendments to those orders, or […]

Section 12.262 – Community District Education Trust Fund; Creation; Deposit of Money or Other Assets; Investment; Money Remaining at Close of Fiscal Year; Expenditures; “Community District” Defined; Deposit of Tobacco Settlement Revenue; Limitation; Reimbursement From General Fund.

12.262 Community district education trust fund; creation; deposit of money or other assets; investment; money remaining at close of fiscal year; expenditures; “community district” defined; deposit of tobacco settlement revenue; limitation; reimbursement from general fund. Sec. 12. (1) The community district education trust fund is created within the state treasury. (2) The state treasurer may […]