February 2, 2005, Introduced by Rep. Pastor and referred to the Committee on Transportation.
A bill to amend 1949 PA 300, entitled
"Michigan vehicle code,"
(MCL 257.1 to 257.923) by adding section 811m.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 811m. (1) The secretary of state shall develop under
section 811e and may issue a Madonna university fund-raising
registration plate under section 811f and a matching Madonna
university collector plate as provided under section 811g. The
secretary of state shall design the plates in cooperation with
Madonna university. Fund-raising donations for plates described in
this section that are collected under sections 811f and 811g shall
be transferred under section 811h by the secretary of state to the
state treasurer, who shall credit the donation money to the Madonna
university fund created under subsection (2).
(2) The Madonna university fund is created within the state
treasury. The state treasurer may receive money or other assets
from any source for deposit into the fund. The state treasurer
shall direct the investment of the fund. Money remaining in the
fund at the end of the fiscal year shall remain in the fund and
shall not lapse to the general fund. Not less than annually, the
state treasurer shall disburse the money from the fund to Madonna
university.
(3) For purposes of this chapter, "Madonna university fund-
raising registration plate" means a registration plate containing a
specialized design pertaining to Madonna university.