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.