Bill Text: MI HB5323 | 2011-2012 | 96th Legislature | Introduced
Bill Title: Income tax; other; ALS of Michigan ("Lou Gehrig's disease") fund; provide for. Creates a new act.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Introduced - Dead) 2012-09-11 - Referred To Committee On Finance [HB5323 Detail]
Download: Michigan-2011-HB5323-Introduced.html
HOUSE BILL No. 5323
January 31, 2012, Introduced by Reps. Farrington, Lane and Haugh and referred to the Committee on Tax Policy.
A bill to establish the ALS of Michigan ("Lou Gehrig's
disease") fund in the department of treasury; to provide for the
distribution of the money from the funds; 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 ALS of
Michigan ("Lou Gehrig's disease") fund act".
Sec. 2. As used in this act:
(a) "ALS" means amyotrophic lateral sclerosis.
(b) "Department" means the department of treasury.
(c) "Fund" means the ALS of Michigan ("Lou Gehrig's disease")
fund created in section 3.
Sec. 3. (1) The ALS of Michigan ("Lou Gehrig's disease") fund
is created in the department to provide funds for donation to ALS
of Michigan to support research to find a cure for ALS to provide
much needed services to patients and their families through a
variety of programs, and to support ALS clinics in this state that
provide a multidisciplinary approach to caring for people with ALS.
(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. 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.
