State finance: bonds; baby bond trust fund act; create. Creates new act.

This bill establishes a new Baby Bond Trust Fund within the Michigan Department of Treasury to support the state's existing baby bond trust account program. The fund will be financed through various sources, managed by the state treasurer, and used to cover the costs of administering the program and establishing individual accounts for designated beneficiaries. Money held in the fund at the end of each fiscal year will remain available for future use rather than being returned to the general fund. Additionally, the bill requires the department to submit an annual report on the fund's activities to the governor and legislative leaders. This measure is contingent upon the simultaneous passage of related companion bills to fully implement the program.