Mich. Comp. Laws § 21.171
Children's trust fund; creation as charitable and educational endowment fund; expenditure; credit of amounts; investment; availability for disbursement; accounting of revenues and expenditures; "trust fund" defined.
(1) The children's trust fund is created as a charitable and educational endowment fund in the department of treasury. The fund must be expended only as provided in this section. (2) The state treasurer shall credit to the trust fund all amounts appropriated for this purpose under section 475 of the income tax act of 1…