MI SB0269

Establishes the 21st century jobs trust fund in the department of treasury to receive donations and tobacco settlement revenues not classified as TSR (Tobacco Settlement Revenue)

Directs the state treasurer to invest fund assets separately while maintaining accounting distinctions, with earnings deposited into the general fund

Requires $75,000,000 in annual tobacco settlement revenue deposits into the fund from fiscal year 2008 through fiscal year 2019

Beginning fiscal year 2015 through fiscal year 2035, allocates $17,500,000 annually from tobacco settlement revenue to the countercyclical budget and economic stabilization fund

Authorizes the state treasurer to disburse funds from the 21st century jobs trust fund upon request from the fund board to implement programs under the Michigan strategic fund act