Michigan Compiled Laws § 4.1947 Michigan State Capitol Historic Site Fund; Creation Within State Treasury; Deposit Of Money Or Other Assets Into Fund; Investment; Money Remaining At End Of Fiscal Year; Administration; Expenditures.

4.1947 Michigan state capitol historic site fund; creation within state treasury; deposit of money or other assets into fund; investment; money remaining at end of fiscal year; administration; expenditures.

Sec. 7.

(1) The Michigan state capitol historic site fund is created within the state treasury.

(2) The state treasurer may receive money or other assets from any source for deposit into the fund, including private gifts, bequests, and donations. The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments.

(3) Money in the fund at the close of the fiscal year shall remain in the fund and shall not lapse to the general fund.

(4) The commission shall be the administrator of the fund for auditing purposes.

(5) The commission shall expend money from the fund to carry out its responsibilities under this act.

History: 2013, Act 240, Eff. Mar. 14, 2014

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Last modified: October 10, 2016