State finance: bonds; tobacco settlement funds; modify. Amends sec. 7 of 2000 PA 489 (MCL 12.257).

This bill amends Michigan's trust fund law to redirect specific tobacco settlement funds into two state accounts. It requires $75 million annually (2008-2026) from tobacco settlement revenue (excluding funds designated as "TSR") to be deposited into the 21st Century Jobs Trust Fund, and $17.5 million annually (2015-2035) into a countercyclical budget stabilization fund. The bill clarifies that interest earned on these funds must go to the general fund, while unused principal remains in the designated trust funds at year-end. This directly affects state budgeting by changing how tobacco settlement revenue is allocated across state funds.