The bill amends the existing child care regulations in Michigan by adding a new section, 6b, which establishes the tri-share child care program within the Department of Lifelong Education, Advancement, and Potential. This program is a continuation of a pilot project initially funded under a previous law. The bill also creates the tri-share child care fund within the state treasury, allowing the state treasurer to receive and manage funds for this initiative. The fund is designed to remain intact at the end of the fiscal year and is not subject to lapsing into the general fund.

Additionally, the bill outlines the responsibilities of the Department of Lifelong Education, Advancement, and Potential regarding the administration of the tri-share care program and the funding of existing child care facilitator hubs. It allows for the potential funding of new hubs if there is sufficient financial support. Furthermore, it specifies that any child care facilitator receiving funds must operate as a nonprofit, limited liability company, C-corporation, S-corporation, or sole proprietor.

Statutes affected:
Senate Introduced Bill: 722.111, 722.128