Bill Text: MI HB5744 | 2017-2018 | 99th Legislature | Introduced

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Bill Title: Individual income tax; other; Michigan coalition against homelessness fund act; create. Creates new act. TIE BAR WITH: HB 5745'18

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-04-10 - Bill Electronically Reproduced 03/22/2018 [HB5744 Detail]

Download: Michigan-2017-HB5744-Introduced.html

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HOUSE BILL No. 5744

 

 

March 22, 2018, Introduced by Reps. Brann, Lucido, Kosowski, Hoadley, Wittenberg, Cochran and Jones and referred to the Committee on Tax Policy.

 

     A bill to establish the Michigan coalition against

 

homelessness 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 coalition against homelessness fund act".

 

     Sec. 3. As used in this act:

 

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

 

     (b) "Fund" means the Michigan coalition against homelessness

 

fund created in section 5.

 

     Sec. 5. (1) The Michigan coalition against homelessness fund

 

is created in the department to provide funds for donation to the

 

Michigan coalition against homelessness organization located in

 

this state to prevent and end homelessness in this state.

 

     (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.

 

     (3) 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 other appropriations, money, or other

 

things of value received by the fund.

 

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

 

fund.

 

     Sec. 7. (1) The money, interest, and earnings of the fund

 

shall be expended solely for the purposes described in this act.

 

     (2) Money granted or received as a gift or donation to the

 

fund is available for distribution upon appropriation.

 

     Sec. 9. Money from the fund may be used as matching funds for

 

a federal grant if those funds are to be used for the purposes

 

described under section 5.

 

     Sec. 11. The money in the fund that is available for

 

distribution shall be appropriated each year. Money in the fund at

 

the close of the year shall remain in the fund and shall not lapse

 

to the general fund.

 

     Enacting section 1. This act does not take effect unless

 

Senate Bill No. ____ or House Bill No. 5745 (request no. 05876'18)

 

of the 99th Legislature is enacted into law.