Michigan Laws 35.1053 – Vietnam veterans memorial monument fund; creation; federal tax status; money credited to fund; use of money
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 35.1053
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Commission: means the Michigan Vietnam veterans memorial monument fund commission established in section 4. See Michigan Laws 35.1052
- Monument fund: means the Vietnam veterans memorial monument fund created in section 3. See Michigan Laws 35.1052
- 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
The Vietnam veterans memorial monument fund is created as a separate fund in the department of treasury. The state treasurer may receive money or other assets from any source for deposit into the monument fund. The state treasurer shall seek appropriate federal tax status for the monument fund. The state treasurer shall credit to the monument fund the money appropriated to the monument fund, money received for the monument fund under section 6, and all interest that accrues on money in the monument fund. The commission may use money in the monument fund for purposes of this act.