Michigan Laws > Chapter 722 > Act 525 of 2008 – Fostering Futures Scholarship Trust Fund Act


§ 722.1021	Short title
§ 722.1022	Definitions
§ 722.1023	Fostering futures scholarship trust fund; creation; administration; crediting amounts; interest and earnings; investment; availability of money for disbursement; expenditures; appropriation; money rem
§ 722.1027a	Opportunities to make contributions; collaboration with higher education institution to assist foster care students with unmet financial education needs; use of money; contracts
§ 722.1027b	Fostering futures scholarship; eligibility
§ 722.1029	Department; powers; deposit of money in fund
§ 722.1030	Disbursement; limitation
§ 722.1031	Annual accounting of revenues and expenditures; report

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
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Department: means the department of treasury. See Michigan Laws 722.1022
Fiduciary: A trustee, executor, or administrator.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
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
Trust fund: means the fostering futures scholarship trust fund created in section 3. See Michigan Laws 722.1022