Veterans: other; Michigan veterans coalition fund; create. Creates new act.

This bill establishes the Michigan Veterans Coalition Fund within the state treasury to support a specific grant program for veterans. The state treasurer is responsible for managing and investing the money in the fund, while the Michigan Veterans Affairs Agency will administer the fund and oversee its audits. Money in the fund will not be lost at the end of the fiscal year, and funds can only be used to create and operate the grant program after a formal appropriation. The bill does not take effect unless a related piece of legislation, Senate Bill 540, is also passed into law.