All Roll Calls
Yes: 123 • No: 22
MichiganSB 05742025-2026 Regular SessionSenateWALLET
State management: funds; money in the 21st century jobs trust fund; modify disbursement of. Amends sec. 7 of 2000 PA 489 (MCL 12.257). Last Action: ASSIGNED PA 0028'25 WITH IMMEDIATE EFFECT
Sponsored By: Sam Singh (Democratic)
Became Law
State management: fundsState management: other
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Jobs Trust Fund gets steady funding
The law establishes the 21st Century Jobs Trust Fund in the Treasury. It holds money from tobacco settlement deals, state appropriations, and certain venture investment deposits. From fiscal year 2008 to 2026, $75 million a year of non‑TSR tobacco settlement money goes into the fund. Money left at year end stays in the fund. The State Treasurer must move and disburse the money as section 8 directs.
Investing rules for the Jobs Fund
The State Treasurer invests the Jobs Trust Fund. The fund can be pooled with state cash or put in allowed bonds. Investments must follow the Divestment from Terror Act. Interest and other earnings go to the state's general fund, not back into the trust.
Sponsors & Cosponsors
Sponsor
Sam Singh
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 10/2/2025
passed; given immediate effect
Yes: 104 • No: 5 • Other: 1
Senate vote • 9/25/2025
PASSED
Yes: 19 • No: 17 • Other: 1
Actions Timeline
ASSIGNED PA 0028'25 WITH IMMEDIATE EFFECT
10/8/2025SenateFILED WITH SECRETARY OF STATE 10/7/2025 2:54 PM
10/8/2025SenateAPPROVED BY GOVERNOR 10/7/2025 2:04 PM
10/8/2025SenatePRESENTED TO GOVERNOR 10/7/2025 1:22 PM
10/8/2025SenateORDERED ENROLLED
10/3/2025SenateFULL TITLE AGREED TO
10/3/2025SenateGIVEN IMMEDIATE EFFECT
10/3/2025Senatereturned to Senate
10/2/2025Houseinserted full title
10/2/2025Housepassed; given immediate effect Roll Call #245 Yeas 104 Nays 5 Excused 0 Not Voting 1
10/2/2025Houseread a third time
10/2/2025Houseplaced on immediate passage
10/2/2025Houseplaced on third reading
10/2/2025Houseread a second time
10/2/2025Houseplaced on second reading
10/2/2025Housemotion to discharge committee approved
10/2/2025Houserule suspended
10/2/2025Housereferred to Committee on Appropriations
9/26/2025Houseread a first time
9/26/2025Housereceived on 09/25/2025
9/25/2025HousePASSED ROLL CALL # 244 YEAS 19 NAYS 17 EXCUSED 1 NOT VOTING 0
9/25/2025SenatePLACED ON IMMEDIATE PASSAGE
9/25/2025SenateRULES SUSPENDED
9/25/2025SenatePLACED ON ORDER OF THIRD READING
9/25/2025SenateREPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S)
9/25/2025Senate
Bill Text
Public Act
10/7/2025
As Passed by the House
10/2/2025
As Passed by the Senate
9/25/2025
Introduced
9/18/2025
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