Michigan Laws 257.811ee – Fund-raising plate recognizing Detroit Lions
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 257.811ee
- 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
- Nonprofit: means that which is exempt from taxation under section 501(c)(3) of the internal revenue code, 26 USC 501. See Michigan Laws 257.811d
- 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 August 1, 2019, the secretary of state shall develop under section 811e and issue under section 811f a fund-raising plate or collector plate recognizing the Detroit Lions. The fund-raising plate or collector plate authorized in this section shall bear an appropriate logo, the design of which the Detroit Lions shall submit to the secretary of state.
(2) The Detroit Lions 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 the Detroit Lions to the state treasurer, who shall credit the donation money to the Detroit Lions 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 Detroit Lions Charities.
(5) The state treasurer shall be the administrator of the fund created in subsection (2) for auditing purposes.
(6) Money disbursed to the Detroit Lions Charities under this section shall be distributed to eligible nonprofit organizations that are exempt from taxation under section 501(c)(3) of the internal revenue code, 26 USC 501.