Children: other; rolling average amount for disbursement under the children’s trust fund; increase. Amends sec. 1 of 1982 PA 249 (MCL 21.171).

This bill amends the Children's Trust Fund in Michigan to increase the percentage of the fund's value that can be spent annually on child-related programs. It establishes a new spending rule where the amount available for disbursement is based on a rolling 12-quarter average of the fund's total value, including investment gains and losses. The legislation sets specific spending rates of 4.25% or 5% depending on the fund's size, with a future increase to 8% starting in fiscal year 2025. Additionally, the bill grants the state treasurer expanded investment authority similar to that of the public employee retirement system and requires detailed annual reports on how investment earnings are used.