HB-5867, As Passed Senate, April 16, 2008

SENATE SUBSTITUTE FOR

HOUSE BILL NO. 5867

A bill to amend 2000 PA 489, entitled

"Michigan trust fund act,"

by amending section 8 (MCL 12.258), as added by 2005 PA 232.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

Sec. 8. (1) Upon request from the fund board as defined in

section 88a of the Michigan strategic fund act, 1984 PA 270, MCL

125.2088a, except as provided in subsection (2), the state

treasurer shall transfer and disburse appropriated funds from the

21st century jobs trust fund only for the purpose of carrying out

and at the specified time and as necessary to implement chapter 8A

of the Michigan strategic fund act, 1984 PA 270, MCL 125.2088 to

125.2088p.

(2) The state treasurer shall transfer and disburse the

amounts described in section 7(1)(b) for the purposes described in