Michigan Constitution
Article IX - FINANCE AND TAXATION
§ 39 Michigan veterans' trust fund board of trustees; administration of trust fund.
Universal Citation: MI Const art IX § 39
Sec. 39. The Michigan veterans' trust fund board of trustees shall administer the Michigan veterans' trust fund. The board of trustees shall not authorize the expenditure or transfer of a trust fund asset, interest, or earnings unless the board of trustees determines in its discretion and by a majority vote that the expenditure or transfer is for the benefit of veterans or their spouses or dependents.
History: Add. H.J.R. H., approved Nov. 5, 1996, Eff. Dec. 21, 1996.
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