State management: funds; interest earned from money in the countercyclical budget and economic stabilization fund; deposit into the child care payment fund. Amends sec. 351 of 1984 PA 431 (MCL 18.1351). TIE BAR WITH: SB 0946'26

Summary

SB 945 amends the Management and Budget Act so that interest earned on the counter‑cyclical budget and economic stabilization fund must be deposited into the state’s child‑care payment fund. The bill covers interest accrued through September 30 2024 and all future interest, but only becomes active if companion Bill 946 is also enacted. It affects the state treasurer’s handling of fund earnings and the resources available for child‑care assistance.

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