Increases the disbursement percentage for the Michigan Children's Trust Fund from 4.25% to 8%.

This bill amends the Michigan Children's Trust Fund to increase the disbursement percentage from 4.25% to 8% starting in fiscal year 2025. The fund, created as a charitable and educational endowment, receives contributions from various sources including the income tax act, Michigan vehicle code, and child abuse and neglect prevention act. The state treasurer manages the fund's investments and prepares an annual accounting of revenues and expenditures. The bill also specifies that gifts and donations to the trust fund are available for disbursement upon appropriation.

Increases the disbursement percentage for the Michigan Children's Trust Fund from 4.25% to 8%.

This bill amends the Michigan Children's Trust Fund to increase the disbursement percentage from 4.25% to 8% starting in fiscal year 2025. The fund, created as a charitable and educational endowment, receives contributions from various sources including the income tax act, Michigan vehicle code, and child abuse and neglect prevention act. The state treasurer manages the fund's investments and prepares an annual accounting of revenues and expenditures. The bill also specifies that gifts and donations to the trust fund are available for disbursement upon appropriation.