(1) Every college which during any calendar year receives a grant, or enters into a contract, the aggregate value of which exceeds $100,000.00, shall notify the department‘s office of revenue and tax analysis in writing not later than 20 days after the close of the fiscal quarter in which the grant was received or the contract entered into.
  (2) Each notification required by this act shall provide all of the following information:

Terms Used In Michigan Laws 390.1232

  • College: means a public institution of higher education in this state. See Michigan Laws 390.1231
  • Contract: means an agreement between a college and a foreign entity for the acquisition, by purchase, lease, or barter, of property or services for the direct benefit or use of either of the parties. See Michigan Laws 390.1231
  • Contract: A legal written agreement that becomes binding when signed.
  • Department: means the department of management and budget. See Michigan Laws 390.1231
  • Donor: The person who makes a gift.
  • Fiscal quarter: means a 3-month period ending on January 31, April 30, July 31, or October 31. See Michigan Laws 390.1231
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • Grant: means a gift or donation of money or property, or any combination of these, which in any 1 year exceeds $100,000. See Michigan Laws 390.1231
  • in writing: shall be construed to include printing, engraving, and lithographing; except that if the written signature of a person is required by law, the signature shall be the proper handwriting of the person or, if the person is unable to write, the person's proper mark, which may be, unless otherwise expressly prohibited by law, a clear and classifiable fingerprint of the person made with ink or another substance. See Michigan Laws 8.3q
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  (a) The name and address of the donor of the grant or the parties to the contract.
  (b) The amount and date of the contract.
  (c) If a grant or contract is conditional, matching, or designated for a specific purpose, a full description of the condition, matching condition, or designation.
  (d) The subject of the grant or contract.
  (e) The name, title, and qualifications of any person or group whom the grant is explicitly intended to benefit.
  (3) This section does not require a college to create a new public record if all of the information required by subsection (2) is already contained in an existing record which can be provided to the department’s office of revenue and tax analysis.
  (4) All disclosures provided pursuant to this act shall be public records subject to the freedom of information act, Act No. 442 of the Public Acts of 1976, being section 15.231 to 15.246 of the Michigan Compiled Laws.
  Previous section
Next section  
 Act 90 of 1986 Contents