SENATE BILL No. 905

December 4, 2001, Introduced by Senator MC COTTER and referred to the Committee on Government Operations.

A bill to amend 1859 PA 143, entitled

"An act relative to the university interest fund,"

by amending section 1 (MCL 21.211).

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

1 Sec. 1. That the auditor general be and he is hereby

2 required to STATE TREASURER SHALL credit to the university

3 interest fund , interest from and after the thirty-first day

4 of December, 1860, on the entire amount that has heretofore

5 been, or may be hereafter, received by the state for university

6 lands sold , or contracted, and to draw his warrants upon the

7 state treasurer for the same, who is hereby required to pay the

8 same THE STATE TREASURER SHALL PAY THAT AMOUNT to the treasurer

9 of the university upon his OR HER application, therefor, from

10 time to time, as the said interest may accrue , and be

11 required for the use of the university.

05719'01 Final page. JLB