Establishes the Michigan National Guard member benefit fund to support tuition assistance and child care assistance for members.

The bill creates the Michigan National Guard member benefit fund within the state treasury. The fund will receive money and assets from any source and will be managed by the state treasurer. The Michigan Department of Military and Veterans Affairs will administer the fund, ensuring it is used to support the Michigan National Guard tuition assistance and child care assistance programs. The fund's balance will not lapse to the general fund at the end of the fiscal year. The bill will only take effect if Senate Bills No. 540 and No. 542 are also enacted into law.

Establishes the Michigan National Guard member benefit fund to support tuition assistance and child care assistance for members.

The bill creates the Michigan National Guard member benefit fund within the state treasury. The fund will receive money and assets from any source and will be managed by the state treasurer. The Michigan Department of Military and Veterans Affairs will administer the fund, ensuring it is used to support the Michigan National Guard tuition assistance and child care assistance programs. The fund's balance will not lapse to the general fund at the end of the fiscal year. The bill will only take effect if Senate Bills No. 540 and No. 542 are also enacted into law.