Michigan § 388.1632e - Great start readiness program reserve fund.
Full text of Michigan Michigan Compiled Laws § 388.1632e — Great start readiness program reserve fund., with citation guidance and answers to common questions.
§ 388.1632e. Great start readiness program reserve fund.
(1) The great start readiness program reserve fund is created as a separate account in the state school aid fund for the purpose of supporting the great start readiness program.
(2) The state treasurer may receive money or other assets from any source for deposit into the great start readiness program reserve fund. The state treasurer shall direct the investment of the great start readiness program reserve fund. The state treasurer shall credit to the great start readiness program reserve fund interest and earnings from great start readiness program reserve fund investments.
(3) Money in the great start readiness program reserve fund at the close of the fiscal year remains in the great start readiness program reserve fund and does not lapse to the state school aid fund or the general fund.
(4) The department of treasury is the administrator of the great start readiness program reserve fund for auditing purposes.
(5) Money available in the great start readiness program reserve fund must not be expended without a specific appropriation.
(6) For the fiscal year ending September 30, 2023 only, $200,000,000.00 from the state school aid fund is deposited into the great start readiness program reserve fund.
Frequently Asked Questions About Michigan § 388.1632e
What does Michigan Compiled Laws § 388.1632e cover?
Section 388.1632e ("Great start readiness program reserve 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 § 388.1632e?
A common citation format is "Michigan Compiled Laws § 388.1632e" (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 § 388.1632e 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.