Loading chat...

MI HB4631

Bill

Official Source

Status

Introduced

5/10/2011

Primary Sponsor

Barb Byrum

Click for details

Origin

House of Representatives

96th Legislature

AI Summary

  • Establishes the Special Olympics Michigan Fund within the Department of Treasury to provide funding for Special Olympics Michigan.

  • State Treasurer credits to the fund all amounts appropriated under section 435 of the 1967 Income Tax Act, plus any other sources of revenue and investment earnings.

  • Fund money, interest, and earnings shall be expended solely for donations to Special Olympics Michigan.

  • Available fund money is appropriated annually for distribution, with gifts and donations to the fund available for distribution upon appropriation.

  • Fund balance does not lapse to the general fund at year-end but remains in the fund.

  • Bill takes effect only if House Bill 4632 is enacted into law.

Legislative Description

Income tax; other; special Olympics Michigan fund; create. Creates new act. TIE BAR WITH: HB 4632'11

Income tax, other

Last Action

Referred To Committee On Government Operations

6/12/2012

Committee Referrals

Government Operations6/12/2012
Tax Policy5/10/2011

Full Bill Text

No bill text available