The bill amends the Michigan Trust Fund Act by updating definitions and repealing certain sections. Specifically, it introduces new legal language to clarify the definitions of various trust funds, including the "Community district education trust fund," "Flint settlement trust fund," "Local government reimbursement fund," "Medicaid benefits trust fund," "Michigan merit award trust fund," and "Michigan opioid healing and recovery fund." Additionally, it modifies the definition of "Medicaid program" to include a reference to 42 USC 1396w-8, and it removes the definition of the "Strategic outreach and attraction reserve fund."

Furthermore, the bill repeals Section 4 of the Michigan Trust Fund Act, which is related to the strategic outreach and attraction reserve fund. The enactment of this amendatory act is contingent upon the passage of Senate Bill No. 488 of the 103rd Legislature. Overall, the bill aims to streamline and clarify the existing legal framework surrounding Michigan's trust funds.

Statutes affected:
Senate Introduced Bill: 12.252, 12.254