Michigan § 432.516 - Fantasy contest fund.
Full text of Michigan Michigan Compiled Laws § 432.516 — Fantasy contest fund., with citation guidance and answers to common questions.
§ 432.516. Fantasy contest fund.
(1) The fantasy contest fund is created in the department of treasury.
(2) The state treasurer may receive money or other assets required to be paid into the fund under this act or from any other source for deposit into the fund. The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments.
(3) The board shall expend money from the fund, on appropriation, for all of the following:
(a) The board's costs of regulating and enforcing fantasy contests under this act.
(b) All money remaining in the fund after the expenditures under subdivision (a) is to be deposited into the state school aid fund established under section 11 of article IX of the state constitution of 1963.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 432.516
What does Michigan Compiled Laws § 432.516 cover?
Section 432.516 ("Fantasy contest fund.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 432.516?
A common citation format is "Michigan Compiled Laws § 432.516" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 432.516 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.