Michigan SB0637 amends the Michigan Trust Fund Act to reflect the elimination of the Michigan Strategic Fund.
Michigan SB0637 amends the Michigan Trust Fund Act by modifying sections 2, 7, 8, and 11, and repealing section 4 of the 2000 PA 489. The bill creates the Flint Settlement Trust Fund within the state treasury to address the consolidated cases known as In re Flint Water Cases. It establishes the 21st Century Jobs Trust Fund in the Department of Treasury, consisting of donations and other assets. The bill also specifies that money in the Flint Settlement Trust Fund remains in the fund and does not revert to the general fund. The bill's enactment is contingent on the passage of Senate Bill No.
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