MI HB4805

Increases the disbursement rate from Michigan's Children's Trust Fund from 5% to 8% of the 12-quarter rolling average beginning in fiscal year 2025

The Children's Trust Fund is a charitable and educational endowment fund in the Department of Treasury funded through income tax checkoffs, vehicle code fees, and civil fines from playground equipment safety violations

The State Treasurer invests fund assets under the same authority granted to public employee retirement system investment fiduciaries

Money from gifts or donations to the fund is available for disbursement upon appropriation and is not counted as fund assets for calculating the rolling average disbursement

The State Treasurer must provide annual accounting of revenues and expenditures to the Senate and House appropriations committees