2025 House Bill 4957

State finance: bonds; tobacco settlement funds; modify.

A bill to amend 2000 PA 489, entitled “Michigan trust fund act,” by amending section 7 (MCL 12.257), as amended by 2024 PA 188.

AI Analysis – Experimental

House Bill No. 4957 amends the Michigan Trust Fund Act to maintain and potentially increase annual funding for the 21st Century Jobs Trust Fund by eliminating a previous requirement to divert $17.5 million annually to the state's budget stabilization fund, thereby supporting continued investment in economic development and job creation.

Introduced in the House

Sept. 16, 2025

Introduced by Rep. Ken Borton (R-105)

Referred to the Committee on Appropriations