Article IX § 37 Michigan Veterans’ Trust Fund.
§ 37 Michigan veterans’ trust fund. Sec. 37. The Michigan veterans’ trust fund is established within the department of treasury. All money in the fund established by 1946 (1st Ex Sess) PA 9 shall be transferred to the Michigan veterans’ trust fund. The trust fund may additionally receive appropriations, money, or other things of value. […]
Article IX § 38 Michigan Veterans’ Trust Fund Board of Trustees; Establishment.
§ 38 Michigan veterans’ trust fund board of trustees; establishment. Sec. 38. The Michigan veterans’ trust fund board of trustees is established and consists of veterans honorably discharged from the armed services and appointed by the governor as prescribed by law. History: Add. H.J.R. H., approved Nov. 5, 1996, Eff. Dec. 21, 1996
Article IX § 39 Michigan Veterans’ Trust Fund Board of Trustees; Administration of Trust Fund.
§ 39 Michigan veterans’ trust fund board of trustees; administration of trust fund. 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 […]
Article IX § 40 Michigan Conservation and Recreation Legacy Fund.
§ 40 Michigan conservation and recreation legacy fund. Sec. 40. The Michigan conservation and recreation legacy fund is established. The state treasurer shall direct the investment of the legacy fund. The state treasurer shall establish within the legacy fund restricted accounts as authorized by this section and may establish additional subaccounts as authorized by law. […]
Article IX § 41 Michigan Game and Fish Protection Trust Fund.
§ 41 Michigan game and fish protection trust fund. Sec. 41. The Michigan game and fish protection trust fund is established. The Michigan game and fish protection trust fund shall consist of revenue derived from bonuses, rentals, delayed rentals, royalties, and other revenues collected or reserved by the state under leases or direct sale contracts […]
Article IX § 42 Michigan Nongame Fish and Wildlife Trust Fund.
§ 42 Michigan nongame fish and wildlife trust fund. Sec. 42. The Michigan nongame fish and wildlife trust fund is established. The Michigan nongame fish and wildlife trust fund shall consist of revenue designated by a member of the public for the benefit of nongame fish and wildlife. The Michigan nongame fish and wildlife trust […]
Article IX § 19 Subscription to or Interest in Stock by State Prohibited; Exceptions.
§ 19 Subscription to or interest in stock by state prohibited; exceptions. Sec. 19. The state shall not subscribe to, nor be interested in the stock of any company, association or corporation, except as follows: (a) Funds accumulated to provide retirement or pension benefits for public officials and employees may be invested as provided by […]
Article IX § 35 Michigan Natural Resources Trust Fund.
§ 35 Michigan natural resources trust fund. Sec. 35. (1) There is hereby established the Michigan natural resources trust fund. The trust fund shall consist of all bonuses, rentals, delayed rentals, and royalties collected or reserved by the state under provisions of leases for the extraction of nonrenewable resources from state owned lands, except such […]
Article IX § 20 Deposit of State Money in Certain Financial Institutions; Requirements.
§ 20 Deposit of state money in certain financial institutions; requirements. Sec. 20. No state money shall be deposited in banks, savings and loans associations, or credit unions, other than those organized under the law of this state or federal law. No state money shall be deposited in any bank, savings and loan association, or […]
Article IX § 35a Michigan State Parks Endowment Fund.
§ 35a Michigan state parks endowment fund. Sec. 35a. (1) There is hereby established the Michigan state parks endowment fund. The endowment fund shall consist of revenues as provided in section 35 of this article, and as provided by law. The endowment fund may also receive private contributions of money or other things of value. […]