September 7, 2005, Introduced by Senator SWITALSKI and referred to the Committee on Appropriations.
A bill to amend 2004 PA 46, entitled
"Public safety officers benefit act,"
by amending section 3 (MCL 28.633).
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 3. (1) The public safety officers benefit fund is created
within the state treasury.
(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 fund at the close of the fiscal year shall
remain in the fund and shall not lapse to the general fund.
(4) The commission shall expend money from the fund, upon
appropriation,
only to for
the following purposes:
(a) To carry out the purposes of this act.
(b) To carry out the purpose of section 2 of 1937 PA 329, MCL
419.102.
(5) The commission shall promulgate rules pursuant to the
administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to
24.328, that prescribe standards and rules for the distribution of
benefits
commensurate with the purpose of this act purposes
described in subsection (4).
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No. 740
of the 93rd Legislature is enacted into law.