Modifies disbursement of funds from the 21st century jobs trust fund in Michigan.

This bill amends the 21st century jobs trust fund in Michigan, modifying how funds are disbursed. It specifies that the state treasurer must direct any remaining funds at the end of a fiscal year to stay in the trust fund and not revert to the general fund. The bill also mandates that interest and earnings from investments of the trust fund be deposited into the general fund. It further details the sources of the trust fund, including donations, net proceeds from tobacco settlement revenues, and appropriations from the general fund.

Modifies disbursement of funds from the 21st century jobs trust fund in Michigan.

This bill amends the 21st century jobs trust fund in Michigan, modifying how funds are disbursed. It specifies that the state treasurer must direct any remaining funds at the end of a fiscal year to stay in the trust fund and not revert to the general fund. The bill also mandates that interest and earnings from investments of the trust fund be deposited into the general fund. It further details the sources of the trust fund, including donations, net proceeds from tobacco settlement revenues, and appropriations from the general fund.