Michigan Laws 35.1213 – Military family relief fund; creation as separate fund; expenditures; amounts credited; investment; availability of funds for disbursement; lapse
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Terms Used In Michigan Laws 35.1213
- Department: means the department of military and veterans affairs. See Michigan Laws 35.1212
- families: means the military dependents as determined by the qualified individual's branch of service. See Michigan Laws 35.1212
- 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: means the military family relief fund created in section 3. See Michigan Laws 35.1212
- 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) The military family relief fund is created as a separate fund in the department to offer grants to provide assistance to families of qualified individuals.
(2) The military family relief fund shall be expended only as provided in this act.
(3) The state treasurer shall credit to the fund all amounts designated for the fund pursuant to section 438 of the income tax act of 1967, 1967 PA 281, MCL 206.438.
(4) The state treasurer shall direct the investment of the fund money in the same manner as other funds are invested. The state treasurer shall credit to the fund the interest and earnings from the fund.
(5) Money deposited, funds granted, or funds received as gifts or donations to the fund shall be available for disbursement when deposited.
(6) Money in the fund at the close of the state fiscal year shall remain in the fund and shall not lapse to the general fund.