The proposed bill establishes a "homeless advocacy fund" within the Department of Treasury, aimed at providing financial support to the Michigan Coalition Against Homelessness. This fund will be utilized to enhance policies and systems designed to combat homelessness, as well as to offer programs and services for individuals and families facing homelessness. The state treasurer will oversee the fund's administration, ensuring that all appropriated amounts, along with any interest and earnings, are credited to the fund.

Additionally, the bill stipulates that the funds must be exclusively used for the purposes outlined in the act, and any donations made to the fund will be available for distribution to the Michigan Coalition Against Homelessness upon appropriation. Importantly, the bill ensures that any unspent money in the fund at the end of the fiscal year will not lapse into the general fund but will remain available for future use. The enactment of this bill is contingent upon the passage of related legislation in the 103rd Legislature.