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MI HB6579
Bill
Status
11/17/2010
Primary Sponsor
Fred Durhal
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AI Summary
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Amends Section 10 of the Michigan Trust Fund Act (2000 PA 489) to specify allowable uses of the Michigan Merit Award Trust Fund.
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Authorizes disbursement of trust fund for Michigan merit award scholarships, administrative expenses, tuition incentive programs, and Michigan nursing scholarship programs.
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For fiscal year ending September 30, 2011 only, redirects tobacco settlement funds allocated to the trust fund to school districts with approved renaissance plans, with the state treasurer retaining a reasonable fee for administrative costs.
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Defines "renaissance plan" as the plan described in Part 6F of the Michigan Revised School Code (1976 PA 451).
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Takes effect only upon enactment of House Bills 6577 and 6578 (tied bar provision).
Legislative Description
State financing and management; funds; Michigan trust fund act funding for school district renaissance plans; provide for. Amends sec. 10 of 2000 PA 489 (MCL 12.260). TIE BAR WITH: HB 6577'10, HB 6578'10
State financing and management, funds
Last Action
Printed Bill Filed 11/18/2010
11/30/2010