MI SB1063

Increases the disbursement threshold for the children's trust fund from 5% to 8% of the 12-quarter rolling average beginning in fiscal year 2025, provided the rolling average is at least $23,500,000.00

If the rolling average falls below $23,500,000.00, the disbursement amount remains at 4.25% of the 12-quarter rolling average instead of increasing to 8%

Makes technical changes to statutory language, replacing "shall" with "must" and other grammatical updates throughout the section

Maintains existing requirements that the state treasurer invest trust fund assets with the same authority as granted to investment fiduciaries under the public employee retirement system investment act

Requires the state treasurer to continue providing annual accounting reports to the senate and house appropriations committees identifying interest, earnings, and expenditures of the trust fund