The bill amends the Michigan Trust Fund Act by updating the definitions of various trust funds and repealing certain sections of existing law. Notably, it introduces the term "Flint settlement trust fund" and modifies the definition of "Medicaid program" to include a reference to 42 USC 1396w-8. Additionally, the bill replaces the previous definition of "strategic outreach and attraction reserve fund" with a new designation, while also renumbering the subsequent definitions accordingly.

Furthermore, the bill repeals specific sections of the Michigan Trust Fund Act and the Michigan Strategic Fund Act, including section 4 of the Michigan Trust Fund Act and sections 88s and 88t of the Michigan Strategic Fund Act. These changes aim to streamline the legal framework surrounding trust funds in Michigan and ensure that the definitions align with current practices and needs.

Statutes affected:
House Introduced Bill: 12.252, 12.254