MICH.Regulation
Michigan closes out the Community District Education Trust
Gov. Gretchen Whitmer signed House Bill 6130 on September 21 with immediate effect, taking steps to close out the Community District Education Trust under the Michigan Trust Fund Act. The trust had supported repayment of Detroit's operating debt; its closeout formed part of the eight-bill budget package signed that day.
Text (Office of Michigan Governor Gretchen Whitmer) →
Key points
- The bill amends the Michigan Trust Fund Act to close out the trust.Office of Michigan Governor Gretchen Whitmer
- The trust supported repayment of Detroit's operating debt.Office of Michigan Governor Gretchen Whitmer
- It was one of eight bills in the September 21 budget signing package.Office of Michigan Governor Gretchen Whitmer
- The bill was signed September 21 with immediate effect.Office of Michigan Governor Gretchen Whitmer
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Office of Michigan Governor Gretchen Whitmer