Bill > SB0560

This bill amends the Michigan Trust Fund Act by updating the definitions section of the law to include a new "Revenue Sharing Trust Fund" and making several technical corrections. Specifically, the bill modifies the scope of the Medicaid program definition by extending the referenced section of the United States Code from 1396w-6 to 1396w-8, and adjusts the lettering of existing trust fund definitions to accommodate the new revenue sharing trust fund entry. The bill also includes a "tie bar" provision, meaning it will only take effect if two companion Senate Bills (SB 561 and SB 559) are also enacted into law. The changes appear to be primarily administrative, updating references and adding a new trust fund to the state's existing collection of specialized financial accounts. The bill maintains the existing definitions for other trust funds like the Community District Education Trust Fund, Flint Settlement Trust Fund, and Strategic Outreach and Attraction Reserve Fund, while ensuring that the legal framework for these funds remains current and precise.

Budget and Finance

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0560