Bill Text: MI HB4244 | 2011-2012 | 96th Legislature | Engrossed

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Bill Title: Income tax; other; boy scouts of Michigan fund act; create. Creates new act.

Spectrum: Slight Partisan Bill (Republican 31-17)

Status: (Introduced - Dead) 2012-09-11 - Referred To Committee On Finance [HB4244 Detail]

Download: Michigan-2011-HB4244-Engrossed.html

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HB-4244, As Passed House, May 24, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HOUSE BILL No. 4244

 

 

February 10, 2011, Introduced by Reps. Rendon and Opsommer and referred to the Committee on Tax Policy.

 

     A bill to establish the boy scouts of Michigan fund in the

 

department of treasury; to provide for the distribution of the

 

money from the fund; to prescribe the powers and duties of certain

 

agencies and officials; and to provide for appropriations.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 1. This act shall be known and may be cited as the "boy

 

scouts of Michigan fund act".

 

     Sec. 2. As used in this act:

 

     (a) "Department" means the department of treasury.

 

     (b) "Fund" means the boy scouts of Michigan fund created in

 

section 3.

 

     Sec. 3. (1) The boy scouts of Michigan fund is created in the

 

department to provide funds for donation to any boy scout

 

organization located in this state to prepare young people to make

 

ethical and moral choices over their lifetimes by instilling in

 

them the values of the scout oath and law.

 

     (2) The state treasurer shall credit to the fund all amounts

 

appropriated for this purpose under section 435 of the income tax

 

act of 1967, 1967 PA 281, MCL 206.435.

 

     (3) The fund shall consist of the money credited to the fund

 

pursuant to section 435 of the income tax act of 1967, 1967 PA 281,

 

MCL 206.435, any interest and earnings accruing from the saving and

 

investment of that money, and other appropriations, money, or other

 

things of value received by the fund.

 

     (4) The state treasurer shall direct the investment of the

 

fund.

 

     Sec. 4. (1) The money, interest, and earnings of the fund

 

shall be expended solely for the purposes described in this act.

 

     (2) Money granted or received as a gift or donation to the

 

fund is available for distribution upon appropriation to each

 

county from which a contribution, gift, or donation was received.

 

     Sec. 5. Money from the fund may be used as matching funds for

 

a federal grant if those funds are to be used for the purposes

 

described under section 3.

 

     Sec. 6. The money in the fund that is available for

 

distribution shall be appropriated each year. Money in the fund at

 

the close of the year shall remain in the fund and shall not lapse

 

to the general fund.

 

     Enacting section 1. This act does not take effect unless

 

Senate Bill No.____ or House Bill No. ____ (request no. 00984'11)

 

of the 96th Legislature is enacted into law.