MichiganChildren's trust fund could make up to 8% of its average available if linked bills become law
If three linked bills became law, Michigan would make up to 8% of the children's trust fund's average value over 12 quarters available for payouts.
What it does
Starting with fiscal year 2025, up to 8% of the children's trust fund's 12-quarter average would be available for payouts. Three linked bills must become law first.
Argument forMaking up to 8% of the fund's 12-quarter average available could help cover payouts, if the three linked bills became law.
Argument againstIf the three linked bills became law, paying out money under the 8% limit could leave less in the fund for future payouts.
More detail
The state would make up to 8% of the children's trust fund's average value over 12 quarters available for payouts. The act takes effect only if Senate Bills 418 and 421, and House Bill 4808 become law. The 8% amount applies beginning with fiscal year 2025.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jul 29assigned PA 62'26 with immediate effectLatest
- Jul 29filed with Secretary of State 07/23/2026 11:58 AM
- Jul 29approved by the Governor Gretchen Whitmer 07/21/2026 02:10 PMBecame Law
- Jul 14presented to the Governor 07/14/2026 11:50 AMTo Governor
- Jul 3bill ordered enrolled
- Vote recorded PASSED; GIVEN IMMEDIATE EFFECT ROLL CALL # 188 YEAS 33 NAYS 3 EXCUSED 2 NOT VOTING 0. Result: pass.Upper
- Vote recorded roll call Roll Call #320 Yeas 102 Nays 6 Excused 0 Not Voting 2. Result: pass.Lower
- Jul 3roll call Roll Call #320 Yeas 102 Nays 6 Excused 0 Not Voting 2
- Jul 3Senate substitute (S-1) concurred in
- Jul 3rule suspended
- Jul 3laid over one day under the rules
- Jul 3returned from Senate with substitute (S-1) with immediate effect
- Jul 3PASSED; GIVEN IMMEDIATE EFFECT ROLL CALL # 188 YEAS 33 NAYS 3 EXCUSED 2 NOT VOTING 0Passed Senate
- Jul 3SUBSTITUTE (S-1) ADOPTED
- Feb 4PLACED ON ORDER OF THIRD READING
- Feb 4REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S)Minor
- Jan 21REFERRED TO COMMITTEE OF THE WHOLEMinor
- Jan 21PASSED BY HOUSE WITH IMMEDIATE EFFECT
- Jan 14transmitted
- Vote recorded passed; given immediate effect Roll Call #3 Yeas 101 Nays 8 Excused 0 Not Voting 1. Result: pass.Lower
- Jan 14passed; given immediate effect Roll Call #3 Yeas 101 Nays 8 Excused 0 Not Voting 1Passed House
- Jan 14read a third timeMinor
- Jan 14placed on immediate passage
- Jan 14placed on third reading
- Jan 14read a second timeMinor
- 2025
- Nov 6referred to second reading
- Nov 6reported with recommendation without amendmentMinor
- Aug 27bill electronically reproduced 08/26/2025
- Aug 26referred to Committee on Government OperationsMinor
- Aug 26read a first timeMinor
- Aug 26introduced by Representative Rep. Bryan PosthumusIntroduced
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