Michigan Laws 12.260 – Michigan merit award trust fund; disbursement of funds; purpose
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 12.260
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Michigan merit award trust fund: means the Michigan merit award trust fund established in section 9. See Michigan Laws 12.252
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
Upon appropriation, the state treasurer shall disburse funds from the Michigan merit award trust fund for 1 or more of the following purposes:
(a) Michigan merit award scholarships under the Michigan merit award scholarship act, 1999 PA 94, MCL 390.1451 to 390.1459, or to a successor to that program.
(b) Expenses properly incurred in the administration of the Michigan merit award scholarships and the test by which awardees of the Michigan merit award scholarships are determined.
(c) Funding of the tuition incentive program as described in section 310 of 1998 PA 271 or a successor to that program.
(d) Funding of the Michigan nursing scholarship program as described in the Michigan nursing scholarship act, 2002 PA 591, MCL 390.1181 to 390.1189.
(e) Other expenditures as determined by law.