Michigan Laws 257.811bb – Plates recognizing Michigan veterans; donations; Michigan veterans engagement fund; creation; administrator; money remaining in fund at close of fiscal year; disbursement to Michigan veterans affairs
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 257.811bb
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Collector plate: means a collector plate that matches any registration plate developed and issued under this act. See Michigan Laws 257.811d
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fund-raising plate: means a registration plate authorized to raise funds for a specified goal. See Michigan Laws 257.811d
- month: means a calendar month; the word "year" a calendar year; and the word "year" alone shall be equivalent to the words "year of our Lord". See Michigan Laws 8.3j
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(1) No later than September 1, 2015, the secretary of state shall develop and may issue a fund-raising plate or collector plate recognizing Michigan veterans. A fund-raising plate or collector plate developed under this section shall be of a design as determined by the secretary of state. The secretary of state shall transfer fund-raising donations for plates recognizing Michigan veterans collected under section 811f and 811g to the state treasurer, who shall disburse the donation money to the Michigan veterans engagement fund established under this section.
(2) The Michigan veterans engagement 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. The Michigan veterans affairs agency shall be the administrator of the fund for auditing purposes.
(3) Money in the Michigan veterans engagement fund at the close of the fiscal year shall remain in the fund and shall not lapse to the general fund.
(4) The state treasurer shall disburse money in the Michigan veterans engagement fund on a monthly basis to the Michigan veterans affairs agency, which shall expend the money for outreach activities, including, but not limited to, education on the mental effects of war, post-traumatic stress disorder, and other service-related disabilities, with county veteran service offices, organizations providing local veteran services, or other veteran service providers. However, the Michigan veterans affairs agency shall dedicate at least 25% of the money disbursed under this subsection for tuition support for members of the Michigan national guard or the children of veterans tuition grant program created under the children of veterans tuition grant act, 2005 PA 248, MCL 390.1341 to 390.1346, at the discretion of the adjutant general of the Michigan national guard. The Michigan veterans affairs agency may spend up to 15% of the money received each month under this subsection on administrative expenses.