This act shall be known and may be cited as the "ALS of Michigan ("Lou Gehrig's disease") fund act".

    As used in this act:

    (a) "ALS" means amyotrophic lateral sclerosis.

    (b) "Department" means the department of treasury.

    (c) "Fund" means the ALS of Michigan ("Lou Gehrig's disease") fund created in section 3.

    (1) The ALS of Michigan ("Lou Gehrig's disease") fund is created in the department to provide funds for donation to ALS of Michigan to support research to find a cure for ALS to provide much needed services to patients and their families through a variety of programs, and to support ALS clinics in this state that provide a multidisciplinary approach to caring for people with ALS.

    (2) The state treasurer shall credit to the fund all amounts appropriated for this purpose under section 435 of the income tax act of 1967, 1967 PA 281, MCL 206.435.

    (3) The fund shall consist of the money credited to the fund pursuant to section 435 of the income tax act of 1967, 1967 PA 281, MCL 206.435, any interest and earnings accruing from the saving and investment of that money, and other appropriations, money, or other things of value received by the fund.

    (4) The state treasurer shall direct the investment of the fund.

    (1) The money, interest, and earnings of the fund shall be expended solely for the purposes described in this act.

    (2) Money granted or received as a gift or donation to the fund is available for distribution upon appropriation to each county from which a contribution, gift, or donation was received.

    The money in the fund that is available for distribution shall be appropriated each year. Money in the fund at the close of the year shall remain in the fund and shall not lapse to the general fund.