September 11, 2012, Introduced by Senators BOOHER and HOPGOOD and referred to the Committee on Transportation.
A bill to amend 1949 PA 300, entitled
"Michigan vehicle code,"
(MCL 257.1 to 257.923) by adding section 811u.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 811u. (1) Subject to section 811e, the secretary of state
shall develop under section 811e and may issue under section 811f a
fund-raising plate recognizing the Sleeping Bear dunes national
lakeshore. The secretary of state in conjunction with preserve
historic Sleeping Bear shall design the fund-raising plate
authorized in this section.
(2) The Sleeping Bear dunes national lakeshore 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.
(3) The secretary of state shall transfer the donation money
from the sale of fund-raising plates recognizing the Sleeping Bear
dunes national lakeshore 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 preserve
historic Sleeping Bear.