Michigan Compiled Laws § 54.271 State Survey And Remonumentation Fund; Creation As Separate Fund; Administration; Deposit Of Money, Interest, And Earnings; Gifts Or Donations From Individuals Or Corporations; Establishment Of Restricted Subaccounts.

54.271 State survey and remonumentation fund; creation as separate fund; administration; deposit of money, interest, and earnings; gifts or donations from individuals or corporations; establishment of restricted subaccounts.

Sec. 11.

(1) The state survey and remonumentation fund is created in the state treasury as a separate fund. The fund shall be administered by the department.

(2) Money deposited in the fund, and all interest and earnings generated by the fund, shall not lapse at the end of a fiscal year, but shall remain in the fund to be expended as provided in this act.

(3) The fund may accept money received as gifts or donations, or money received from individuals or corporations to be used for purposes of this act.

(4) The department may direct the department of treasury to establish restricted subaccounts within the fund as necessary to administer the fund.

History: 1990, Act 345, Eff. Jan. 1, 1991 ;-- Am. 2006, Act 76, Imd. Eff. Mar. 24, 2006 ;-- Am. 2014, Act 166, Imd. Eff. June 12, 2014

Section: Previous  54.266  54.267  54.268  54.269  54.269a  54.269b  54.270  54.271  54.272  54.273  54.274  54.275  54.276  54.277  54.277a  Next

Last modified: October 10, 2016