March 19, 2013, Introduced by Senator HUNE and referred to the Committee on Government Operations.
A bill to amend 1949 PA 300, entitled
"Michigan vehicle code,"
(MCL 257.1 to 257.923) by adding section 811v.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 811v. (1) The secretary of state shall develop under
section 811e and issue under section 811f a fund-raising plate
recognizing the Michigan 4-H foundation. The secretary of state in
conjunction with the Michigan 4-H foundation shall design the fund-
raising plates authorized in this section.
(2) The Michigan 4-H foundation 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 Michigan 4-H
foundation to the state treasurer, who shall credit the donation
money to the Michigan 4-H foundation fund established under
subsection (2).
(4) The state treasurer shall disburse money in the fund
established under subsection (2) on a quarterly basis to the
Michigan 4-H foundation. Beginning not later than February 1, 2015,
the Michigan 4-H foundation shall submit to the state treasurer a
summary of the expenditures during the preceding year of the money
received under this section.