Michigan Laws 752.975 – Human trafficking commission fund; creation; administration; deposit of money or other assets; investment; interest and earnings; work project; money in fund at close of fiscal year
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Terms Used In Michigan Laws 752.975
- 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
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Commission: means the human trafficking commission established in section 3. See Michigan Laws 752.972
- 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.
- Human trafficking: means a violation of chapter LXVIIA of the Michigan penal code, 1931 PA 328, MCL 750. See Michigan Laws 752.972
- 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 human trafficking commission fund is created within the department of treasury. The fund shall be administered by the department of attorney general.
(2) 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 human trafficking commission fund shall be expended only upon appropriation and only in a manner to carry out the purposes set forth in this act. Money in the fund at the close of the fiscal year is considered a work project, shall remain in the fund, and shall not lapse to the general fund.