Michigan Compiled Laws Act 489 Of 2000 Michigan Trust Fund Act (12.251 - 12.260)

AN ACT to create certain funds; to provide for the allocation of certain revenues among certain funds and for the operation, investment, and expenditure of certain funds; and to impose certain duties and requirements on certain state officials.

History: 2000, Act 489, Imd. Eff. Jan. 11, 2001 ;-- Am. 2005, Act 232, Imd. Eff. Nov. 21, 2005

Section 12.251 Short Title.
This act shall be known and may be cited as the “Michigan trust fund act”. History: 2000, Act 489, Imd. Eff. Jan. 11, 2001
Section 12.252 Definitions.
As used in this act: (a) "Medicaid benefits trust fund" means the Michigan medicaid benefits trust fund established in section 5. (b) "Medicaid program"...
Section 12.253, 12.254 Repealed. 2005, Act 232, Imd. Eff. Nov. 21, 2005.
Compiler's Notes: The repealed sections pertained to establishment of Michigan tobacco settlement trust fund and expenditure of revenues.
Section 12.255 Michigan Medicaid Benefits Trust Fund.
(1) The Michigan medicaid benefits trust fund is established in the department of treasury. The medicaid benefits trust fund shall consist only of the...
Section 12.256 Expenditure Of Medicaid Benefits Trust Fund Revenues.
The legislature shall authorize the expenditure of medicaid benefits trust fund revenues through an appropriation act only for 1 or more of the following...
Section 12.257 21st Century Jobs Trust Fund; Establishment; Investment; Money Remaining At Close Of Fiscal Year; Deposit Of Interest And Earnings; Michigan Tobacco Settlement Revenue; Deposit.
(1) The 21st century jobs trust fund is established in the department of treasury. The 21st century jobs trust fund shall consist of donations...
Section 12.258 Transfer And Disbursement Of Funds; Purpose.
Upon request from the fund board as defined in section 88a of the Michigan strategic fund act, 1984 PA 270, MCL 125.2088a, the state...
Section 12.259 Michigan Merit Award Trust Fund; Establishment; Money Remaining At Close Of Fiscal Year; Investment; Allocation Of Tobacco Settlement Revenue.
(1) The Michigan merit award trust fund is established in the department of treasury. The Michigan merit award trust fund shall consist only of...
Section 12.260 Michigan Merit Award Trust Fund; Disbursement Of Funds; Purpose.
Upon appropriation, the state treasurer shall disburse funds from the Michigan merit award trust fund for 1 or more of the following purposes: (a)...

Last modified: October 10, 2016