2026 Senate Bill 945

State management: funds; interest earned from money in the countercyclical budget and economic stabilization fund; deposit into the child care payment fund.

A bill to amend 1984 PA 431, entitled “The management and budget act,” by amending section 351 (MCL 18.1351).

Official record

AI Analysis – Experimental

Senate Bill 945 requires that all interest from Michigan's Countercyclical Budget and Economic Stabilization Fund be redirected to the Child Care Payment Fund which is created by Senate Bill 946.

Introduced in the Senate

May 7, 2026

Introduced by Sen. Rosemary Bayer (D-13) and five co-sponsors

Co-sponsored by Sens. Stephanie Chang (D-3), Jeff Irwin (D-15), Jeremy Moss (D-7), Erika Geiss (D-1) and Sarah Anthony (D-21)

Referred to the Committee on Appropriations