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MI HB5056
Bill
Status
7/30/2024
Primary Sponsor
Reggie Miller
Click for details
AI Summary
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Creates the Michigan 4-H Foundation fund within the state treasury to receive and hold money or other assets from any source.
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Requires the state treasurer to invest fund assets and credit all interest and earnings back to the fund.
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Directs the state treasurer to disburse money from the fund on a quarterly basis to the Michigan 4-H Foundation.
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Specifies that fund money at fiscal year close remains in the fund and does not lapse to the general fund.
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Takes effect only if House Bill No. 5058 of the 102nd Legislature is enacted into law.
Legislative Description
Vehicles: fund-raising registration plates; 4-H Foundation fund; create. Amends 1949 PA 300 (MCL 257.1 - 257.923) by adding sec. 811jj. TIE BAR WITH: HB 5058'23
Agriculture: other
Last Action
Assigned Pa 89'24
7/30/2024