Act No. 488

Public Acts of 2004

Approved by the Governor

December 27, 2004

Filed with the Secretary of State

December 28, 2004

EFFECTIVE DATE: March 30, 2005

STATE OF MICHIGAN

92ND LEGISLATURE

REGULAR SESSION OF 2004

Introduced by Reps. Drolet, Hoogendyk, Hummel, Garfield, Milosch, Acciavatti, Emmons, Brandenburg, Palmer, Bradstreet, Robertson, Stewart, Shulman, Pappageorge, DeRossett, Richardville, Bisbee, Tabor, Hart, Koetje, Kooiman, Voorhees, Middaugh, Julian, Newell, Vander Veen, Howell, Pumford, Gaffney, Pastor, LaJoy, DeRoche, Taub, Stakoe, Hune, Caswell, Shaffer, Nofs, Wenke, Ward, Steil, Nitz, Stahl, Sheen, Huizenga, Farhat, Moolenaar, Palsrok, Casperson and Mortimer

ENROLLED HOUSE BILL No. 6033

AN ACT 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:

Sec. 1. This act shall be known and may be cited as the "Ronald Wilson Reagan memorial monument fund act".

Sec. 2. As used in this act:

(a) "Commission" means the Ronald Wilson Reagan memorial monument fund commission created in the Ronald Wilson Reagan memorial monument fund commission act.

(b) "Monument fund" means the Ronald Wilson Reagan memorial monument fund created in section 3.

Sec. 3. The Ronald Wilson Reagan memorial monument fund is created as a separate fund in the department of treasury. The state treasurer shall seek appropriate federal tax status for the monument fund. The state treasurer shall credit to the monument fund the money appropriated to the monument fund, money received for the monument fund under section 5 of the Ronald Wilson Reagan memorial monument fund commission act, and all interest that accrues on money in the monument fund. The commission may use money in the monument fund as described in the Ronald Wilson Reagan memorial monument fund commission act.

Sec. 4. After the completion of construction of the monument pursuant to section 4 of the Ronald Wilson Reagan memorial monument fund commission act and payment of all amounts due in connection with the monument, any balance remaining in the monument fund shall be used to maintain the Ronald Wilson Reagan memorial monument.

Enacting section 1. This act does not take effect unless Senate Bill No. 1317 of the 92nd Legislature is enacted into law.

Clerk of the House of Representatives

Secretary of the Senate

Approved

Governor