Michigan § 390.1423 - Purposes of act and Michigan education trust.
Full text of Michigan Michigan Compiled Laws § 390.1423 — Purposes of act and Michigan education trust., with citation guidance and answers to common questions.
§ 390.1423. Purposes of act and Michigan education trust.
In light of the findings described in section 2, the legislature declares the purposes of this act and of the Michigan education trust created by this act to be:
To encourage education and the means of education.
To maintain state institutions of higher education by helping to provide a stable financial base to these institutions.
To provide wide and affordable access to state institutions of higher education for the residents of this state.
To encourage attendance at state institutions of higher education.
To provide students and their parents economic protection against rising tuition costs.
To provide students and their parents financing assistance for postsecondary education at a Michigan institution of higher education of their choice.
To help provide the benefits of higher education to the people of this state.
To encourage elementary and secondary students in this state to achieve high standards of performance.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 390.1423
What does Michigan Compiled Laws § 390.1423 cover?
Section 390.1423 ("Purposes of act and Michigan education trust.") 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 § 390.1423?
A common citation format is "Michigan Compiled Laws § 390.1423" (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 § 390.1423 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.