SB-0186, As Passed Senate, May 26, 2015

SUBSTITUTE FOR

SENATE BILL NO. 186

     A bill to amend 1949 PA 300, entitled

"Michigan vehicle code,"

(MCL 257.1 to 257.923) by adding sections 811cc, 811dd, 811ee,

811ff, and 811gg.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 811cc. (1) No later than October 1, 2015, the secretary

of state shall develop under section 811e and issue under section

811f a fund-raising plate or collector plate recognizing the

Detroit Red Wings. The fund-raising plate or collector plate

authorized in this section shall bear an appropriate logo, the

design of which the Detroit Red Wings shall submit to the secretary

of state.

     (2) The Detroit Red Wings 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 Detroit Red

Wings to the state treasurer, who shall credit the donation money

to the Detroit Red Wings fund established under subsection (2).

     (4) The state treasurer shall disburse money in the fund

established under subsection (2) on a quarterly basis to the

Detroit Red Wings Foundation.

     (5) The state treasurer shall be the administrator of the fund

created in subsection (2) for auditing purposes.

     (6) Money disbursed to the Detroit Red Wings Foundation under

this section shall be distributed to eligible nonprofit

organizations that are exempt from taxation under section 501(c)(3)

of the internal revenue code, 26 USC 501.

     Sec. 811dd. (1) No later than October 1, 2015, the secretary

of state shall develop under section 811e and issue under section

811f a fund-raising plate or collector plate recognizing the

Detroit Tigers. The fund-raising plate or collector plate

authorized in this section shall bear an appropriate logo, the

design of which the Detroit Tigers shall submit to the secretary of

state.

     (2) The Detroit Tigers 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 Detroit Tigers

to the state treasurer, who shall credit the donation money to the

Detroit Tigers fund established under subsection (2).

     (4) The state treasurer shall disburse money in the fund

established under subsection (2) on a quarterly basis to the

Detroit Tigers Foundation.

     (5) The state treasurer shall be the administrator of the fund

created in subsection (2) for auditing purposes.

     (6) Money disbursed to the Detroit Tigers Foundation under

this section shall be distributed to eligible nonprofit

organizations that are exempt from taxation under section 501(c)(3)

of the internal revenue code, 26 USC 501.

     Sec. 811ee. (1) No later than October 1, 2015, the secretary

of state shall develop under section 811e and issue under section

811f a fund-raising plate or collector plate recognizing the

Detroit Lions. The fund-raising plate or collector plate authorized

in this section shall bear an appropriate logo, the design of which

the Detroit Lions shall submit to the secretary of state.

     (2) The Detroit Lions 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 Detroit Lions

to the state treasurer, who shall credit the donation money to the

Detroit Lions fund established under subsection (2).

     (4) The state treasurer shall disburse money in the fund

established under subsection (2) on a quarterly basis to the

Detroit Lions Charities.

     (5) The state treasurer shall be the administrator of the fund

created in subsection (2) for auditing purposes.

     (6) Money disbursed to the Detroit Lions Charities under this

section shall be distributed to eligible nonprofit organizations

that are exempt from taxation under section 501(c)(3) of the

internal revenue code, 26 USC 501.

     Sec. 811ff. (1) No later than October 1, 2015, the secretary

of state shall develop under section 811e and issue under section

811f a fund-raising plate or collector plate recognizing the

Detroit Pistons in this state. The fund-raising plate or collector

plate authorized in this section shall bear an appropriate logo,

the design of which the Detroit Pistons shall submit to the

secretary of state.

     (2) The Detroit Pistons 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 Detroit

Pistons to the state treasurer, who shall credit the donation money

to the Detroit Pistons fund established under subsection (2).

     (4) The state treasurer shall disburse money in the fund

established under subsection (2) on a quarterly basis to the Come

Together Foundation.

     (5) The state treasurer shall be the administrator of the fund

created in subsection (2) for auditing purposes.

     (6) Money disbursed to the Come Together Foundation under this

section shall be distributed to eligible nonprofit organizations

that are exempt from taxation under section 501(c)(3) of the

internal revenue code, 26 USC 501.

     Sec. 811gg. (1) No later than October 1, 2015, the secretary

of state shall develop under section 811e and issue under section

811f a fund-raising plate or collector plate recognizing Michigan

International Speedway. The fund-raising plate or collector plate

authorized in this section shall bear an appropriate logo, the

design of which a representative or agent of Michigan International

Speedway shall submit to the secretary of state.

     (2) The MIS Cares 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 Michigan

International Speedway to the state treasurer, who shall credit the

donation money to the MIS Cares fund established under subsection

(2).

     (4) The state treasurer shall disburse money in the fund

established under subsection (2) on a quarterly basis to MIS Cares.

     (5) The state treasurer shall be the administrator of the fund

created in subsection (2) for auditing purposes.

     (6) Money disbursed to MIS Cares under this section shall be

distributed to eligible nonprofit organizations that are exempt

from taxation under section 501(c)(3) of the internal revenue code,

26 USC 501.

     Enacting section 1. This amendatory act takes effect 90 days

after the date it is enacted into law.