State management: funds; 21st century jobs trust fund; modify. Amends secs. 7 & 8 of 2000 PA 489 (MCL 12.257 & 12.258).

This bill modifies the Michigan 21st Century Jobs Trust Fund by clarifying how money is collected, invested, and spent. It establishes that the fund will receive specific annual deposits from tobacco settlement revenues and other state sources, which must be kept separate from the general fund but can be invested in approved state and federal securities. The legislation also specifies that while the principal amount stays in the trust, any interest earned must be moved to the general fund. Additionally, it outlines that money from the trust can only be used to support specific programs under the Michigan Strategic Fund, such as those focused on innovation and economic development.