The bill amends the Michigan Trust Fund Act by updating its title and Section 2, which defines various trust funds and their purposes. Notably, the bill introduces new provisions for the creation and administration of certain grant programs, enhancing the scope of the act. Additionally, it modifies the definitions of existing trust funds, including the Medicaid program, which now references a more specific section of the Social Security Act, and introduces a new "Revenue sharing trust fund."

Furthermore, the bill makes several deletions, including the removal of certain imposed duties on state officials and local governmental officers, streamlining the language to focus on the powers and responsibilities of these entities. The enactment of this amendatory act is contingent upon the passage of two other bills from the 103rd Legislature, specifically Senate Bill No. 561 and Senate Bill No. 559.

Statutes affected:
Senate Introduced Bill: 12.252