State management: funds; amendments related to the creation of the revenue sharing trust fund; provide for. Amends title & sec. 2 of 2000 PA 489 (MCL 12.252). TIE BAR WITH: SB 561'25, SB 559'25
Impact
The proposed changes introduce new structures for grant programs which may enhance the efficiency in the distribution of funds designed to support education, health care, and economic recovery efforts, especially in areas affected by past governmental failures. By establishing the Medicaid Benefits Trust Fund, the bill is likely to improve funding for medical assistance programs, which are crucial for low-income and vulnerable populations. Furthermore, the inclusion of the Flint Settlement Trust Fund indicates a specific focus on recovery efforts in Flint, addressing historical injustices related to public health.
Summary
Senate Bill 560 aims to amend the Michigan Trust Fund Act of 2000, specifically by modifying the established regulations around several trust funds. The bill's primary focus is the creation and administration of specific funds, including the Community District Education Trust Fund, Flint Settlement Trust Fund, and the Medicaid Benefits Trust Fund. These amendments define the operations, investments, and expenditures of these funds and outline the responsibilities of state and local officials overseeing them. This legislative effort reflects Michigan's commitment to regulating funding mechanisms that support critical state programs and initiatives.
Contention
Notable points of contention surrounding SB 560 could involve concerns over how effectively these trust funds will be managed and monitored by state officials. Proponents of the bill may argue that these funds are essential for targeted financial assistance in education and health. However, opponents might express worries about potential mismanagement of funds, lack of accountability from state officials, and whether these funds will adequately reach underserved communities. Additionally, the tie-bar requirement with other bills (SB 561 and SB 559) may raise questions about legislative strategy and its possible implications for the passage of these linked bills.
Same As
Sales tax: distribution; distribution of sales tax revenue for the revenue sharing trust fund; provide for. Amends sec. 25 of 1933 PA 167 (MCL 205.75). TIE BAR WITH: SB 560'25, SB 559'25
Same As
State management: funds; revenue sharing trust fund; create. Amends 2000 PA 489 (MCL 12.251 - 12.262) by adding secs. 11a & 11b. TIE BAR WITH: SB 560'25, SB 561'25
State management: funds; revenue sharing trust fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds secs. 11a & 11b. TIE BAR WITH: SB 0229'23
State management: funds; revenue sharing trust fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds secs. 11a & 11b. TIE BAR WITH: SB 0182'23
State management: funds; revenue sharing trust fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds secs. 11a & 11b. TIE BAR WITH: HB 4275'23
State management: funds; local government reimbursement fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds sec. 3a. TIE BAR WITH: SB 0331'23, HB 4554'23
State management: funds; strategic outreach and attraction reserve fund; modify. Amends secs. 2 & 4 of 2000 PA 489 (MCL 12.252 & 12.254). TIE BAR WITH: SB 0559'23
State management: funds; state procurement enforcement fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds sec. 3b. TIE BAR WITH: HB 5323'23
Economic development: other; SOAR fund; eliminate. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & repeals sec. 4 of 2000 PA 489 (MCL 12.254). TIE BAR WITH: SB 0522'23
State management: funds; strategic outreach and attraction reserve fund; modify. Amends sec. 2 & 4 of 2000 PA 489 (MCL 12.252 & 12.254). TIE BAR WITH: HB 5104'23
Economic development: other; SOAR fund; eliminate. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & repeals sec. 4 of 2000 PA 489 (MCL 12.254). TIE BAR WITH: SB 0522'23
Economic development: other; SOAR fund; eliminate. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & repeals sec. 4 of 2000 PA 489 (MCL 12.254). TIE BAR WITH: SB 488'25
State management: funds; strategic outreach and attraction reserve fund; modify. Amends sec. 2 & 4 of 2000 PA 489 (MCL 12.252 & 12.254). TIE BAR WITH: HB 5104'23
State management: funds; strategic outreach and attraction reserve fund; modify. Amends secs. 2 & 4 of 2000 PA 489 (MCL 12.252 & 12.254). TIE BAR WITH: SB 0559'23
State management: funds; state procurement enforcement fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds sec. 3b. TIE BAR WITH: HB 5323'23
State management: funds; local government reimbursement fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds sec. 3a. TIE BAR WITH: SB 0331'23, HB 4554'23
State management: funds; revenue sharing trust fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds secs. 11a & 11b. TIE BAR WITH: SB 0229'23
State management: funds; revenue sharing trust fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds secs. 11a & 11b. TIE BAR WITH: HB 4275'23