February 5, 2013, Introduced by Senators WARREN, JONES, PAPPAGEORGE, HOPGOOD, MARLEAU, BOOHER, ANDERSON and KOWALL and referred to the Committee on Finance.
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.____ (request no. 00937'13 a)
of the 97th Legislature is enacted into law.