Michigan § 390.1423 Purposes of act and Michigan education trust.

Michigan Statutes

§ 390.1423 — Purposes of act and Michigan education trust.

Michigan § 390.1423

Ch. 390UNIVERSITIES AND COLLEGES

Act 316 of 1986MICHIGAN EDUCATION TRUST ACT (390.1421-390.1443, 390.1444)

This text of Michigan § 390.1423 (Purposes of act and Michigan education trust.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 390.1423 (2026).

Text

MICHIGAN EDUCATION TRUST ACT (EXCERPT) Act 316 of 1986 390.1423 Purposes of act and Michigan education trust. Sec. 3. In light of the findings described in section 2, the legislature declares the purposes of this act and of the Michigan education trust created by this act to be:

(a)To encourage education and the means of education.

(b)To maintain state institutions of higher education by helping to provide a stable financial base to these institutions.

(c)To provide wide and affordable access to state institutions of higher education for the residents of this state.

(d)To encourage attendance at state institutions of higher education.

(e)To provide students and their parents economic protection against rising tuition costs.

(f)To provide students and their parents financing assistanc

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MICHIGAN EDUCATION TRUST ACT (EXCERPT) Act 316 of 1986 390.1423 Purposes of act and Michigan education trust. Sec. 3. In light of the findings described in section 2, the legislature declares the purposes of this act and of the Michigan education trust created by this act to be: (a) To encourage education and the means of education. (b) To maintain state institutions of higher education by helping to provide a stable financial base to these institutions. (c) To provide wide and affordable access to state institutions of higher education for the residents of this state. (d) To encourage attendance at state institutions of higher education. (e) To provide students and their parents economic protection against rising tuition costs. (f) To provide students and their parents financing assistance for postsecondary education at a Michigan institution of higher education of their choice. (g) To help provide the benefits of higher education to the people of this state. (h) To encourage elementary and secondary students in this state to achieve high standards of performance.