State management: funds; interest earned from money in the countercyclical budget and economic stabilization fund; deposit into the child care payment fund. Amends sec. 351 of 1984 PA 431 (MCL 18.1351). TIE BAR WITH: SB 0946'26

This bill directs the state treasurer to move all interest earned from the countercyclical budget and economic stabilization fund into the child care payment fund. The law requires that interest accumulated between fiscal year 2024 and the bill's effective date be deposited within 90 days, while all future interest must go to the child care fund immediately. These funds are intended to support child care services in Michigan by utilizing earnings from the state's economic stabilization reserve. The legislation is currently tied to Senate Bill 946, meaning it will not become active unless that companion bill is also passed.