July 18, 2012, Introduced by Senators COLBECK, BRANDENBURG, NOFS, PAPPAGEORGE, PAVLOV, MOOLENAAR, JANSEN and SCHUITMAKER and referred to the Committee on Transportation.
A bill to amend 1949 PA 300, entitled
"Michigan vehicle code,"
(MCL 257.1 to 257.923) by adding section 811v.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 811v. (1) The secretary of state shall develop under
section 811e and issue under section 811f a fund-raising plate
recognizing the freedom center. The secretary of state in
conjunction with the freedom center shall design the fund-raising
plates authorized in this section.
(2) The freedom center fund is created within the state
treasury. 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.
Money in the fund at the close of the fiscal year shall remain in
the fund and shall not lapse to the general fund.
(3) The secretary of state shall transfer the donation money
from the sale of fund-raising plates recognizing the freedom center
to the state treasurer, who shall credit the donation money to the
freedom center fund created under subsection (2).
(4) The state treasurer shall disburse money in the freedom
center fund created under subsection (2) on a quarterly basis to
the freedom center.
(5) The secretary of state shall be the administrator of the
freedom center fund created under subsection (2) for auditing
purposes.
(6) As used in this section, "freedom center" means the
freedom center located in the Detroit metropolitan airport.