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MI SB0637
MI SB0637Economic development: other; Michigan trust fund act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 2, 7, 8 & 11 of 2000 PA 489 (MCL 12.252 et seq.) & repeals sec. 4 of 2000 PA 489 (MCL 12.254). TIE BAR WITH: SB 0631'25
summary
Introduced
10/30/2025
10/30/2025
In Committee
10/30/2025
10/30/2025
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 2000 PA 489, entitled"Michigan trust fund act,"by amending sections 2, 7, 8, and 11 (MCL 12.252, 12.257, 12.258, and 12.261), section 2 as amended by 2023 PA 174, sections 7 and 8 as amended by 2024 PA 188, and section 11 as added by 2020 PA 359; and to repeal acts and parts of acts.
AI Summary
This bill amends the Michigan Trust Fund Act to reflect the elimination of the Michigan Strategic Fund by making several key changes to existing trust fund provisions. The bill updates definitions in Section 2, removing references to the Strategic Outreach and Attraction Reserve Fund and adjusting language related to the 21st Century Jobs Trust Fund. In Section 7, the bill modifies the composition of the 21st Century Jobs Trust Fund by removing specific funding sources previously tied to the Michigan Strategic Fund, such as appropriations and certain venture investment deposits. Section 8 changes how money from the trust fund can be used, replacing specific strategic fund-related program restrictions with a more general provision allowing the state treasurer to expend funds on any purpose provided by law. The bill also makes minor technical edits to the Flint Settlement Trust Fund section, primarily updating language and removing references to the Michigan Strategic Fund. Additionally, the bill repeals Section 4 of the Michigan Trust Fund Act and includes a tie-bar provision that makes the bill's effectiveness contingent on the passage of Senate Bill 631, ensuring coordinated legislative action.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Referred To Committee On Government Operations (on 10/30/2025)
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-0637 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/Senate/htm/2025-SIB-0637.htm |
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