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MI SB1046
Bill
AI Summary
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Creates the Michigan Amber Alert Fund administered by the Department of State Police to provide funding for the maintenance, operation, and administration of the Michigan Amber Alert plan.
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Directs the State Treasurer to credit to the fund all amounts appropriated under section 435 of the Income Tax Act of 1967 and money from any other source.
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Requires the State Treasurer to invest fund money, with fund balance carried forward year to year and not lapsing to the general fund.
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Designates fund money and interest earnings for sole expenditure as donations to the Michigan Amber Alert Fund, with annual appropriation of available funds and immediate availability of gifts or donations upon appropriation.
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Ties the bill's effectiveness to enactment of Senate Bill 1047 of the 96th Legislature.
Legislative Description
Income tax; other; Amber alert fund; create. Amends title of 2002 PA 712 (MCL 28.751 - 28.754) & adds sec. 5. TIE BAR WITH: SB 1047'12
Income tax, other
Last Action
Referred To Committee On Tax Policy
5/31/2012