2015 Senate Bill 659 / 2016 Public Act 139

Revise foster care trust fund detail

Introduced in the Senate

Dec. 10, 2015

Introduced by Sen. Peter MacGregor (R-28)

To revise management of a state "Foster Care Trust Fund" used to subsidize public or nonprofit programs intended to benefit children in foster care, by allowing the fund’s assets to be invested in the same way as government pension funds.

Referred to the Committee on Families, Seniors, and Human Services

Jan. 26, 2016

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Jan. 28, 2016

Passed in the Senate 38 to 0 (details)

Received in the House

Jan. 28, 2016

Referred to the Committee on Financial Services

May 4, 2016

Reported without amendment

Without amendment and with the recommendation that the bill pass.

May 12, 2016

Passed in the House 108 to 0 (details)

Signed by Gov. Rick Snyder

May 25, 2016