State management: funds; certain deposits of tobacco settlement revenue into the 21st century jobs trust fund; eliminate sunset for. Amends sec. 7 of 2000 PA 489 (MCL 12.257).

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Plain-English Summary

This bill amends the Michigan Trust Fund Act to change how the 21st Century Jobs Trust Fund is managed. It specifies that interest and earnings from the fund's investments will now be deposited into the state's general fund, rather than remaining in the trust fund. The bill also removes an end date for the annual deposit of $75 million from tobacco settlement revenue into the fund, making it a continuous deposit.

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D · PrimeDarrin Camilleri

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