HB-6033, As Passed Senate, December 8, 2004                                 

    SENATE SUBSTITUTE FOR

    HOUSE BILL NO. 6033

                                                                             A bill to create the Ronald Wilson Reagan memorial monument                       

fund; and to prescribe the purpose of the monument fund.                    

    THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

1       Sec. 1.  This act shall be known and may be cited as the                    

2   "Ronald Wilson Reagan memorial monument fund act".                          

3       Sec. 2.  As used in this act:                                               

4       (a) "Commission" means the Ronald Wilson Reagan memorial                    

5   monument fund commission created in the Ronald Wilson Reagan                

6   memorial monument fund commission act.                                      

7       (b) "Monument fund" means the Ronald Wilson Reagan memorial                 

8   monument fund created in section 3.                                         

9       Sec. 3.  The Ronald Wilson Reagan memorial monument fund is                 

10  created as a separate fund in the department of treasury.  The              

11  state treasurer shall seek appropriate federal tax status for the           

12  monument fund.  The state treasurer shall credit to the monument            

1   fund the money appropriated to the monument fund, money received            

2   for the monument fund under section 5 of the Ronald Wilson Reagan           

3   memorial monument fund commission act, and all interest that                

4   accrues on money in the monument fund.  The commission may use              

5   money in the monument fund as described in the Ronald Wilson                

6   Reagan memorial monument fund commission act.                               

7       Sec. 4.  After the completion of construction of the                        

8   monument pursuant to section 4 of the Ronald Wilson Reagan                  

9   memorial monument fund commission act and payment of all amounts            

10  due in connection with the monument, any balance remaining in the           

11  monument fund shall be used to maintain the Ronald Wilson Reagan            

12  memorial monument.                                                          

13      Enacting section 1.  This act does not take effect unless                   

14  Senate Bill No. 1317 of the 92nd Legislature is enacted into                

15  law.