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MI SB0196
Bill
AI Summary
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Amends the Fostering Futures Scholarship Trust Fund law to authorize the department to accept federal money, gifts, grants, bequests, and donations from individuals, private organizations, and foundations.
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Allows the department to plan, manage, or conduct campaigns to solicit gifts, bequests, grants, or donations of money or property, or pledges thereof.
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Requires the department to credit all amounts appropriated for the trust fund under section 435 of the 1967 income tax act to the trust fund.
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Mandates that money received through these sources be transmitted to the state treasurer for deposit in the trust fund.
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Takes effect only if Senate Bill No. 197 of the 99th Legislature is enacted into law.
Legislative Description
Individual income tax; other; credit income tax checkoff contributions to the fostering futures scholarship trust fund; provide for. Amends sec. 9 of 2008 PA 525 (MCL 722.1029). TIE BAR WITH: SB 0197'17
Individual income tax: other
Last Action
Assigned Pa 0253'18 With Immediate Effect
9/5/2018