Mich. Comp. Laws § 333.2721: Minority health profession grant fund; creation; funding; use; investments; crediting earnings to fund.

Sec. 2721.

There is created the minority health profession grant fund as a separate fund in the state treasury, to be administered by the department. The department shall deposit amounts repaid under section 2707 with the state treasurer, who shall credit the amounts to the fund. The fund shall be used to fund grants made under section 2707.

The state treasurer shall direct the investment of the fund money and shall credit earnings to the fund.