Disabilities: other; licensed adult day-care fund act; create. Creates new act. TIE BAR WITH: SB 1025'24, SB 1026'24

This bill creates the Licensed Adult Day-Care Fund in Michigan to provide financial support to licensed adult day-care facilities. The fund will be administered by the Department of Treasury, which will invest any money deposited into it and use the earnings to cover administrative and operational costs for these facilities. Money in the fund will not expire at the end of each fiscal year, and the state treasurer will manage all investments and interest earnings. The legislation takes effect only if it is passed together with two companion bills, SB 1025 and SB 1026.