State management: funds; certain deposits of tobacco settlement revenue into the 21st century jobs trust fund; eliminate sunset for. Amends sec. 7 of 2000 PA 489 (MCL 12.257).

Summary

The bill creates the 21st Century Jobs Trust Fund within the state treasury and makes the fund permanent by removing any sunset provision. It requires the state treasurer to invest the fund’s assets while keeping earnings separate, and mandates that $75 million of non‑TSR tobacco settlement revenue be deposited each fiscal year from 2008 through 2026. The measure aims to provide a dedicated source of money for job‑creation and economic‑development initiatives.

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