2006 Michigan Compiled Laws - Mich. Comp. Laws § 257.217n Proud to be American fund.

Sec. 217n.

(1) The proud to be American fund is created within the state treasury.

(2) 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.

(3) Money in the fund at the close of the fiscal year shall remain in the fund and shall not lapse to the general fund.

(4) The state treasurer shall disburse money in the fund on a monthly basis as follows:

(a) Fifty percent to the American national red cross established under chapter 3001 of title 36 of the United States Code, 36 U.S.C. 300101 to 300111, as represented by the Michigan state service council.

(b) Fifty percent to the salvation army.

(5) The American national red cross and the salvation army shall expend the money received under this section for disaster preparedness and disaster relief in the United States of America.

(6) The American national red cross and the salvation army shall annually report to the department of treasury an accounting of money received and used under this section.

(7) As used in this chapter, "state-sponsored proud to be American fund-raising registration plate" means a registration plate containing a specialized design pertaining to the prestige of being an American.

History: Add. 2001, Act 124, Imd. Eff. Oct. 12, 2001