Michigan § 32.493 - Michigan National Guard member benefit fund.
Full text of Michigan Michigan Compiled Laws § 32.493 — Michigan National Guard member benefit fund., with citation guidance and answers to common questions.
§ 32.493. Michigan National Guard member benefit fund.
(1) The Michigan National Guard member benefit fund is created in the state treasury.
(2) The state treasurer shall deposit money and other assets received from any source in the fund. The state treasurer shall direct the investment of money in the fund and credit interest and earnings from the investments to the fund.
(3) Money in the fund at the close of the fiscal year remains in the fund and does not lapse to the general fund.
(4) The department is the administrator of the fund for audits of the fund.
(5) The department shall expend money from the fund, on appropriation, to support implementing and administering all of the following acts or programs:
(a) The Michigan national guard tuition assistance act, 2014 PA 259, MCL 32.431 to 32.434.
(b) The Michigan National Guard child care assistance act.
(c) A Tricare premium reimbursement program if established under state law.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 32.493
What does Michigan Compiled Laws § 32.493 cover?
Section 32.493 ("Michigan National Guard member benefit 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 § 32.493?
A common citation format is "Michigan Compiled Laws § 32.493" (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 § 32.493 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.