Establishes the Michigan National Guard member benefit fund to support tuition and child care assistance for members.
The bill creates the Michigan National Guard member benefit fund in the state treasury. The fund will receive money and assets from any source, with the state treasurer managing the deposits. The fund's interest and earnings from investments will credit back to the fund. The Department of Military and Veterans Affairs will administer the fund, including audits, and expend money from the fund, upon appropriation, to support the Michigan National Guard tuition assistance act and the Michigan National Guard child care assistance act.
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