Bill
HB 6207
Businesses: charitable organizations; rebuttable presumption of imprudence for certain expenditures from an endowment fund; provide for. Amends sec. 4 of 2009 PA 87 (MCL 451.924).
2025-2026 Regular Session
Introduced by Timmy Beson and 3 co-sponsors
Sets an 8% annual endowment spend threshold—any yearly draw above 8% is presumed imprudent, with exceptions for donor instruments and other laws.
bill electronically reproduced 07/03/2026