Bill Text: MI SB1079 | 2013-2014 | 97th Legislature | Introduced
Bill Title: Vehicles; fund-raising registration plates; fund-raising plate for "Early On"; create. Amends 1949 PA 300 (MCL 257.1 - 257.923) by adding sec. 811v.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-09-18 - Referred To Committee On Transportation [SB1079 Detail]
Download: Michigan-2013-SB1079-Introduced.html
SENATE BILL No. 1079
September 18, 2014, Introduced by Senator HOPGOOD and referred to the Committee on Transportation.
A bill to amend 1949 PA 300, entitled
"Michigan vehicle code,"
(MCL 257.1 to 257.923) by adding section 811v.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 811v. (1) The secretary of state shall develop under
section 811e and issue under section 811f a fund-raising plate
recognizing early on. The secretary of state in conjunction with
early on shall design the fund-raising plates authorized in this
section.
(2) The early on 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.
(3) The secretary of state shall transfer the donation money
from the sale of fund-raising plates recognizing early on to the
state treasurer, who shall credit the donation money to the early
on fund created under subsection (2).
(4) The state treasurer shall disburse money in the early on
fund created under subsection (2) on a quarterly basis to early on.
(5) The secretary of state shall be the administrator of the
early on fund created under subsection (2) for auditing purposes.
