Michigan Government Watch

Mentioned 1× · first seen 05-aug-2026 · last seen 05-aug-2026

Budget Stabilization Fund Interest Redirect to Child Care Payment Fund

Current understanding

An introduced bill would amend sec. 351 of 1984 PA 431 (MCL 18.1351) to direct interest earned on Michigan’s countercyclical budget and economic stabilization fund (the state’s rainy-day fund) into the child care payment fund rather than remaining in the stabilization fund. The bill is tie-barred to SB 946’26 and does not change deposits or withdrawal rules for the principal of the stabilization fund itself. Status: introduced.

Evidence log

Open questions

Contributing findings

Legislative introduced

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

07-may-2026 novelty 2 per-area 2 introduces

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