KIWANIS INTL. FUND-RAISING PLATE                                                               S.B. 42:

                                                                                                    SUMMARY OF BILL

                                                                                     REPORTED FROM COMMITTEE

Senate Bill 42 (as reported without amendment)

Sponsor:  Senator Peter J. Lucido

Committee:  Transportation and Infrastructure

CONTENT

The bill would amend the Michigan Vehicle Code to do the following:

-- Require the Secretary of State, by August 1, 2019, to develop and issue a Kiwanis International Michigan District fund-raising plate or collector plate.

-- Create the "Kiwanis International Michigan District Fund" within the State Treasury and require the money from the sale of the plates to be deposited into the Fund.

-- Require the money in the Fund to be disbursed on a quarterly basis to the Kiwanis International Michigan District.

-- Revise the Code's definition of "nonprofit".

MCL 257.811d et al.                                                 Legislative Analyst:  Tyler VanHuyse

FISCAL IMPACT

The bill would create a start-up cost to the Department of State; however, the start-up fee prescribed in the Code (currently estimated at $90,000) would have to be paid to the Department of State from the new Kiwanis International Michigan District Fund proposed under the bill. The revenue generated from the fund-raising license plate would be deposited into the Fund, after which the State Treasurer would disburse payments from the Fund on a quarterly basis to the Kiwanis International Michigan District.

The bill would have no fiscal impact on local government.

Date Completed:  3-13-19                                                    Fiscal Analyst: Joe Carrasco

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.