12.260 Michigan merit award trust fund; disbursement of funds; purpose.
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12.260 Michigan merit award trust fund; disbursement of funds; purpose.
Sec. 10.
Upon appropriation, the state treasurer shall disburse funds from the Michigan merit award trust fund for 1 or more of the following purposes:
(a)Michigan merit award scholarships under the Michigan merit award scholarship act, 1999 PA 94, MCL 390.1451 to 390.1459, or to a successor to that program.
(b)Expenses properly incurred in the administration of the Michigan merit award scholarships and the test by which awardees of the Michigan merit award scholarships are determined.
(c)Funding of the tuition incentive program as described in section 310 of 1998 PA 271 or a successor to that program.
(d)Funding of the Michigan nursing scholarship program as described in the Michigan nursing scholarship act, 2002 PA 591, MCL 390.1181 to 390.1189.
(e)Other expenditures as determined by law.
History: Add. 2005, Act 232 , Imd. Eff. Nov. 21, 2005