Bill > HB4962

This bill creates the Michigan National Guard member benefit fund, a new state treasury account designed to support Michigan National Guard members through various assistance programs. The fund will be administered by the Department of Military and Veterans Affairs and can receive money and assets from any source, with the state treasurer responsible for investing the funds and crediting any earnings back to the account. The fund will not lapse at the end of the fiscal year, ensuring continuous financial support. Specifically, the fund will be used to support three key programs: the Michigan National Guard tuition assistance act, the Michigan National Guard child care assistance act, and potentially a Tricare premium reimbursement program. The bill requires that two related Senate bills (SB 540 and SB 542) must also be enacted for this legislation to take effect, and it is set to take immediate effect upon approval. The bill defines key terms such as "department" (referring to the department of military and veterans affairs) and "fund" (referring to this specific benefit fund), providing clarity about the scope and purpose of the legislation.

Budget and Finance

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4962