Michigan Laws 333.26244 – Money, interest, and earnings; expenditures as grants; availability for distribution
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 333.26244
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fund: means the prostate cancer research fund created in section 3. See Michigan Laws 333.26242
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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) The money, interest, and earnings of the fund shall be expended solely for grants to any of the following:
(a) A medical school located in this state.
(b) A hospital located in this state that specializes in the treatment of cancer.
(c) A hospital located in an urban area in this state that provides services to African-American men. As used in this subdivision, “urban area” means an urbanized area as determined by the economics and statistics administration of the United States bureau of the census according to the 2000 federal decennial census.
(2) Money granted or received as a gift or donation to the fund is available for distribution upon appropriation.