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MI SB0486
MI SB0486Economic development: other; SOAR fund; eliminate. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & repeals sec. 4 of 2000 PA 489 (MCL 12.254). TIE BAR WITH: SB 488'25
summary
Introduced
07/29/2025
07/29/2025
In Committee
07/29/2025
07/29/2025
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 2000 PA 489, entitled"Michigan trust fund act,"by amending section 2 (MCL 12.252), as amended by 2023 PA 174; and to repeal acts and parts of acts.
AI Summary
This bill amends the Michigan Trust Fund Act by making a technical change to the definition of the "Medicaid program" by extending the reference in the Social Security Act from section 1396w-6 to 1396w-8, and more significantly, eliminates the definition of the "Strategic outreach and attraction reserve fund" (SOAR fund) by removing it from the list of defined terms and repealing the section that created this fund. The bill is tied to another piece of legislation (Senate Bill 488) and will only take effect if that companion bill is also enacted. The changes affect how certain state trust funds are defined and maintained, with a specific focus on removing the SOAR fund from the legal code. The bill appears to be part of a broader legislative effort to modify the state's trust fund structures, potentially streamlining or eliminating certain funds that may no longer serve their original purpose.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred To Committee On Economic And Community Development (on 07/29/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0486 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/Senate/htm/2025-SIB-0486.htm |
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