Michigan Laws 257.811o – American pride; design; transfer and disbursement; proud to be American fund; report
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 257.811o
- 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
- 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
- United States: shall be construed to include the district and territories. See Michigan Laws 8.3o
(1) A fund-raising plate or collector plate recognizing American pride shall be of a design as determined by the secretary of state and contain the words “proud to be American” and “Michigan”. Fund-raising donations for plates recognizing American pride collected under section 811f and 811g shall be transferred under section 811h by the secretary of state to the state treasurer, who shall disburse the donation money to the proud to be American fund established under this section.
(2) The proud to be American 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.
(3) Money in the 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 fund on a monthly basis as follows:
(a) Fifty percent to the American National Red Cross established under 36 USC 300101 as represented by the Michigan state service council.
(b) Fifty percent to the Salvation Army.
(5) The American National Red Cross and the Salvation Army shall expend the money received under this section for disaster preparedness and disaster relief in the United States of America.
(6) The American National Red Cross and the Salvation Army shall annually report to the department of treasury an accounting of money received and used under this section.