Mich. Comp. Laws § 388.1632e

Current through Public Act 151 of the 2024 Legislative Session
Section 388.1632e - Great start readiness program reserve fund
(1) The great start readiness program reserve fund is created as a separate account in the state school aid fund for the purpose of supporting the great start readiness program.
(2) The state treasurer may receive money or other assets from any source for deposit into the great start readiness program reserve fund. The state treasurer shall direct the investment of the great start readiness program reserve fund. The state treasurer shall credit to the great start readiness program reserve fund interest and earnings from great start readiness program reserve fund investments.
(3) Money in the great start readiness program reserve fund at the close of the fiscal year remains in the great start readiness program reserve fund and does not lapse to the state school aid fund or the general fund.
(4) The department of treasury is the administrator of the great start readiness program reserve fund for auditing purposes.
(5) Money available in the great start readiness program reserve fund must not be expended without a specific appropriation.
(6) For the fiscal year ending September 30, 2023 only, $200,000,000.00 from the state school aid fund is deposited into the great start readiness program reserve fund.

MCL 388.1632e

Added by 2023, Act 103,s 76, eff. 7/21/2023.
Repealed. 2008, Act 268, Eff. 10/1/2008.
Added by 2008, Act 112,s 6 , eff. 4/29/2008.
Repealed. 2002, Act 191, Eff. Oct. 1, 2002.