Bill Text: MI HB4519 | 2011-2012 | 96th Legislature | Engrossed

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Bill Title: Income tax; other; Michigan Alzheimer's association fund; create, and earmark revenue. Creates new act. TIE BAR WITH: HB 4518'11

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2012-09-11 - Referred To Committee On Finance [HB4519 Detail]

Download: Michigan-2011-HB4519-Engrossed.html

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HB-4519, As Passed House, May 24, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

HOUSE BILL No. 4519

 

April 12, 2011, Introduced by Reps. Lori, Liss, Knollenberg, Moss, Slavens, Hughes, Pettalia, Rutledge, Stallworth, Barnett, Nesbitt, Cavanagh, Rogers, Brown and Oakes and referred to the Committee on Tax Policy.

 

     A bill to establish the Michigan Alzheimer's association fund

 

in the department of treasury; to provide for the distribution of

 

the money from the fund; to prescribe the powers and duties of

 

certain agencies and officials; and to provide for appropriations.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 1. This act shall be known and may be cited as the

 

"Michigan Alzheimer's association fund act".

 

     Sec. 3. As used in this act:

 

     (a) "Department" means the department of treasury.

 

     (b) "Fund" means the Michigan Alzheimer's association fund

 

created in section 5.

 

     Sec. 5. (1) The Michigan Alzheimer's association fund is

 

created in the department to provide funds to benefit the programs

 

and services for unpaid caregivers of individuals with Alzheimer's

 

disease provided by the greater Michigan chapter and the Michigan

 

Great Lakes chapter of the Alzheimer's association. The department

 

shall be the administrator of the fund for auditing purposes.

 

     (2) The state treasurer shall credit to the fund all amounts

 

appropriated for this purpose under section 435 of the income tax

 

act of 1967, 1967 PA 281, MCL 206.435, and money from any other

 

source for deposit into the fund.

 

     (3) The state treasurer shall direct the investment of the

 

fund. The fund shall consist of the money credited to the fund

 

pursuant to section 435 of the income tax act of 1967, 1967 PA 281,

 

MCL 206.435, any interest and earnings accruing from the saving and

 

investment of that money, and money from any other source.

 

     (4) Money in the fund at the close of the year shall remain in

 

the fund and shall not lapse to the general fund.

 

     Sec. 7. The money, interest, and earnings of the fund shall be

 

expended solely for donation to the greater Michigan chapter of the

 

Alzheimer's association for distribution to the greater Michigan

 

and Michigan Great Lakes chapters of the Alzheimer's association.

 

     Sec. 9. The money in the fund that is available for

 

distribution shall be appropriated each year. Money granted or

 

received as a gift or donation to the fund is available for

 

distribution upon appropriation.

 

     Enacting section 1. This act does not take effect unless

 

Senate Bill No.____ or House Bill No. 4518(request no. 01913'11) of

 

the 96th Legislature is enacted into law.