Michigan SB0790 earmarks corporate income tax revenue to support NASA-related programs offered by the Michigan Space Grant Consortium.

Michigan SB0790 amends the corporate income tax revenue distribution to earmark funds for the Michigan Space Grant Consortium (MSGC). Specifically, it allocates up to $250,000 or an amount sufficient to fund NASA-related grants, fellowships, and internships offered by MSGC, whichever is greater, to the Michigan strategic fund. This fund is then transferred to the MSGC to support undergraduate and graduate students from Michigan. The bill outlines different distribution percentages for various fiscal years, ensuring a steady flow of funds to the MSGC.

Michigan SB0790 earmarks corporate income tax revenue to support NASA-related programs offered by the Michigan Space Grant Consortium.

Michigan SB0790 amends the corporate income tax revenue distribution to earmark funds for the Michigan Space Grant Consortium (MSGC). Specifically, it allocates up to $250,000 or an amount sufficient to fund NASA-related grants, fellowships, and internships offered by MSGC, whichever is greater, to the Michigan strategic fund. This fund is then transferred to the MSGC to support undergraduate and graduate students from Michigan. The bill outlines different distribution percentages for various fiscal years, ensuring a steady flow of funds to the MSGC.