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 12.280 – Personal Liability of Board Member or Officer, Appointee, or Employee of Authority; Indemnification; Conflict of Interest.
12.280 Personal liability of board member or officer, appointee, or employee of authority; indemnification; conflict of interest. Sec. 10. (1) A member of the board or an officer, appointee, or employee of the authority is not subject to personal liability when acting in good faith within the scope of his or her authority under this […]
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 12.281 – Bonds Subject to Other Acts.
12.281 Bonds subject to other acts. Sec. 11. (1) A bond issued under this act is not subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821. (2) A bond issued under this act is subject to the agency financing reporting act, 2002 PA 470, MCL 129.171 to 129.177. History: 2011, […]
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 […]
Section 12.271 – Short Title.
12.271 Short title. Sec. 1. This act shall be known and may be cited as the “employment security financing act”. History: 2011, Act 267, Imd. Eff. Dec. 19, 2011 Compiler’s Notes: Enacting section 1 of Act 267 of 2011 provides:”Enacting section 1. The legislature finds and declares all of the following: (a) It is an […]