SB-0354, As Passed Senate, June 14, 2017

SUBSTITUTE FOR

SENATE BILL NO. 354

     A bill to amend 1949 PA 300, entitled

"Michigan vehicle code,"

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

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

Sec. 811ll. (1) No later than June 1, 2018, the secretary of

state shall develop under section 811e and issue under section 811f

a fund-raising plate recognizing the Knights of Columbus. The

secretary of state in conjunction with the Knights of Columbus

shall design the fund-raising plates authorized in this section.

     (2) The Knights of Columbus 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. The state

treasurer shall be the administrator of the fund for auditing

purposes.

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

from the sale of fund-raising plates recognizing the Knights of

Columbus to the state treasurer, who shall credit the donation

money to the fund established under subsection (2).

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

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

Knights of Columbus.

     Enacting section 1. This amendatory act takes effect 90 days

after the date it is enacted into law.