The bill amends the existing child care regulations in Michigan by introducing the Tri-Share child care workplace benefit program, which is designed to assist employees with child care costs through a collaborative funding model involving employers and the state. The program will be administered by the Department of Lifelong Education, Advancement, and Potential, which will establish eligibility criteria for both employees and employers. Employers can participate if they cover at least one-third of their employees' child care costs, with the state also contributing one-third, provided there are sufficient appropriations. Additionally, a Care-Share option is available for employees who do not meet the eligibility criteria for the main program.

The bill also establishes the Tri-Share child care workplace benefit fund within the state treasury, allowing the state treasurer to manage and invest the fund's assets. The funds will be used to administer the program, support regional recruitment activities, and provide timely payments to child care providers. The bill specifies that any unspent funds must be allocated towards the state's share of child care payments or returned to the state. Furthermore, it outlines that eligible entities for funding must include various business structures and allows for the enrollment of individuals living outside the state if they have a parent or guardian employed in Michigan.

Statutes affected:
House Introduced Bill: 722.111, 722.128