December 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 811ss.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 811ss. (1) The secretary of state shall develop under
section 811e and issue under section 811f a fund-raising plate
recognizing Lions Clubs International of Michigan. The secretary of
state shall design the fund-raising plates authorized in this
section.
(2) The Lions Clubs International of Michigan 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 Lions Clubs
International of Michigan 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 Lions
Clubs International of Michigan.
Enacting section 1. This amendatory act takes effect 90 days
after the date it is enacted into law.