September 10, 2014, Introduced by Reps. Haveman, MacGregor, Lyons, Victory, VerHeulen, Yonker, Price, Hooker, Genetski and Pscholka and referred to the Committee on Transportation and Infrastructure.
A bill to amend 1949 PA 300, entitled
"Michigan vehicle code,"
(MCL 257.1 to 257.923) by adding section 811z.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 811z. (1) The secretary of state shall develop under
section 811e and may issue under section 811f a fund-raising plate
recognizing the Van Andel institute. The secretary of state in
conjunction with the Van Andel institute shall design the fund-
raising plates authorized in this section.
(2) The Van Andel institute 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. The state treasurer shall
credit to the fund interest and earnings from fund investments.
Money in the fund at the close of the fiscal year shall remain in
the fund and shall not lapse to the general fund. The secretary of
state shall be the administrator of the fund for auditing purposes.
(3) The secretary of state shall transfer the donation money
from the sale of fund-raising plates recognizing the Van Andel
institute to the state treasurer, who shall credit the donation
money to the Van Andel institute fund created under subsection (2).
(4) The state treasurer shall disburse money in the Van Andel
institute fund created under subsection (2) on a quarterly basis to
the Van Andel institute.