October 1, 2015, Introduced by Rep. Lucido 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 811oo.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 811oo. (1) The secretary of state shall develop under
section 811e and issue under section 811f a fund-raising plate
recognizing the Michigan district of Kiwanis International. The
secretary of state shall design the fund-raising plates authorized
in this section.
(2) The Michigan district of Kiwanis International 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 state treasurer 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
district of Kiwanis International to the state treasurer, who shall
credit the donation money to the 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 district of Kiwanis International.
Enacting section 1. This amendatory act takes effect 90 days
after the date it is enacted into law.