HOUSE BILL No. 4407

 

March 12, 2013, Introduced by Reps. Geiss, Hobbs, Irwin, LaVoy, Robinson, Potvin, McBroom and Schmidt and referred to the Committee on Transportation and Infrastructure.

 

     A bill to amend 1949 PA 300, entitled

 

"Michigan vehicle code,"

 

(MCL 257.1 to 257.923) by adding section 811v.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 811v. (1) The secretary of state shall develop under

 

section 811e and issue under section 811f a fund-raising plate

 

recognizing the arts. The secretary of state in conjunction with

 

the Michigan council for the arts and cultural affairs shall design

 

the fund-raising plate authorized in this section.

 

     (2) The arts fund is created within the state treasury. The

 

state treasurer may receive money or other assets from any source

 

for deposit into the fund. The state treasurer shall direct the

 

investment of the fund. The state treasurer shall credit to the

 


fund interest and earnings from fund investments. Money in the fund

 

at the close of the fiscal year shall remain in the fund and shall

 

not lapse to the general fund.

 

     (3) The secretary of state shall transfer the donation money

 

from the sale of fund-raising plates recognizing the arts to the

 

state treasurer, who shall credit the donation money to the arts

 

fund established under subsection (2).

 

     (4) The state treasurer shall disburse money in the arts fund

 

established under subsection (2) on a quarterly basis to the

 

Michigan council for the arts and cultural affairs.

 

     (5) The secretary of state shall be the administrator of the

 

arts fund for auditing purposes.