Mich. Comp. Laws § 206.1061
Short title.
This act shall be known and may be cited as the "Kiwanis fund act".
Michigan Compiled Laws — KIWANIS FUND ACT (Act 259 of 2018)
Michigan · statute · 259 of 2018, Mich. Comp. Laws · 6 active provisions
Mich. Comp. Laws § 206.1063
Definitions.
As used in this act: (a) "Department" means the department of treasury. (b) "Fund" means the Kiwanis fund created in section 5.
Mich. Comp. Laws § 206.1065
Kiwanis fund; creation; purpose; amounts credited under MCL 206.435; investments.
(1) The Kiwanis fund is created in the department to provide funds for donation to any Kiwanis club or organization located in this state to improve the world by making lasting differences in the lives of children. (2) The state treasurer shall credit to the fund all amounts appropriated for this purpose under section…
Mich. Comp. Laws § 206.1067
Interest, earnings, and gifts; expenditures.
(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.
Mich. Comp. Laws § 206.1069
Use of money as matching funds for federal grant.
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 5.
Mich. Comp. Laws § 206.1071
Appropriations; money remaining in fund at close of year.
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.