Bill Text: MI SB0354 | 2017-2018 | 99th Legislature | Engrossed
Bill Title: Vehicles; fund-raising registration plates; fund-raising registration plate for the Knights of Columbus; create. Amends 1949 PA 300 (MCL 257.1 - 257.923) by adding sec. 811ll.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2017-06-15 - Referred To Committee On Transportation And Infrastructure [SB0354 Detail]
Download: Michigan-2017-SB0354-Engrossed.html
SB-0354, As Passed Senate, June 14, 2017
SUBSTITUTE FOR
SENATE BILL NO. 354
A bill to amend 1949 PA 300, entitled
"Michigan vehicle code,"
(MCL 257.1 to 257.923) by adding section 811ll.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 811ll. (1) No later than June 1, 2018, the secretary of
state shall develop under section 811e and issue under section 811f
a fund-raising plate recognizing the Knights of Columbus. The
secretary of state in conjunction with the Knights of Columbus
shall design the fund-raising plates authorized in this section.
(2) The Knights of Columbus 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 the Knights of
Columbus 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 the
Knights of Columbus.
Enacting section 1. This amendatory act takes effect 90 days
after the date it is enacted into law.
