Mich. Comp. Laws § 206.941
Short title.
This act shall be known and may be cited as the "special Olympics Michigan fund act".
Michigan Compiled Laws — SPECIAL OLYMPICS MICHIGAN FUND ACT (Act 155 of 2012)
Michigan · statute · 155 of 2012, Mich. Comp. Laws · 5 active provisions
Mich. Comp. Laws § 206.943
Definitions.
As used in this act: (a) "Department" means the department of treasury. (b) "Fund" means the special Olympics Michigan fund created in section 5.
Mich. Comp. Laws § 206.945
Special Olympics Michigan fund; creation; purpose; administration; credit and deposit of amounts; investment.
(1) The special Olympics Michigan fund is created in the department to provide funds for donation to the special Olympics Michigan. The department shall be the administrator of the fund for auditing purposes. (2) The state treasurer shall credit to the fund all amounts appropriated for this purpose under section 435 of…
Mich. Comp. Laws § 206.947
Expenditures; limitation.
The money, interest, and earnings of the fund shall be expended solely for donation to special Olympics Michigan.
Mich. Comp. Laws § 206.949
Appropriation.
The money in the fund that is available for distribution shall be appropriated each year. Money granted or received as a gift or donation to the fund is available for distribution upon appropriation.