Section 206.1011 – Short Title.
206.1011 Short title. Sec. 1. This act shall be known and may be cited as the “Michigan junior achievement fund act”. History: 2016, Act 181, Imd. Eff. June 16, 2016
Section 206.1013 – Definitions.
206.1013 Definitions. Sec. 3. As used in this act: (a) “Department” means the department of treasury. (b) “Fund” means the Michigan junior achievement fund created in section 5. History: 2016, Act 181, Imd. Eff. June 16, 2016
Section 206.1015 – Michigan Junior Achievement Fund; Creation; Purpose; Administrator; Amounts Credited Under MCL 206.435; Interest and Earnings; Other Appropriations, Money, or Value; Investment.
206.1015 Michigan junior achievement fund; creation; purpose; administrator; amounts credited under MCL 206.435; interest and earnings; other appropriations, money, or value; investment. Sec. 5. (1) The Michigan junior achievement fund is created in the department to provide funds for donation to any junior achievement organization located in this state to assist each organization in achieving […]
Section 206.1017 – Expenditures; Availability of Money Received as Gift or Donation; Distribution.
206.1017 Expenditures; availability of money received as gift or donation; distribution. Sec. 7. (1) The money, interest, and earnings of the fund shall be expended solely for the purposes described in this act. (2) Money granted or received as a gift or donation to the fund is available for distribution upon appropriation. (3) The department […]
Section 206.1019 – Use of Money as Matching Funds for Federal Grant.
206.1019 Use of money as matching funds for federal grant. Sec. 9. Money from the fund may be used as matching funds for a federal grant if those funds are to be used for financial literacy, entrepreneurship, and workforce readiness with junior achievement organizations in this state and for the purposes described under section 5. […]
Section 206.1021 – Appropriation; Money Remaining in Fund at Close of Year.
206.1021 Appropriation; money remaining in fund at close of year. Sec. 11. The money in the fund that is available for distribution shall be appropriated each year. Money in the fund at the close of the year shall remain in the fund and shall not lapse to the general fund. History: 2016, Act 181, Imd. […]
Section 206.1031 – Short Title.
206.1031 Short title. Sec. 1. This act shall be known and may be cited as the “American Red Cross Michigan fund act”. History: 2016, Act 183, Imd. Eff. June 16, 2016
Section 206.989 – Directing Investment of Contributions in Violation of Internal Revenue Code; Prohibition; Administrative Services; Use of Interest as Loan Security.
206.989 Directing investment of contributions in violation of internal revenue code; prohibition; administrative services; use of interest as loan security. Sec. 9. (1) An account owner shall not, directly or indirectly, direct the investment of any contributions to an account or the earnings on an account in violation of section 529A of the internal revenue […]
Section 206.1033 – Definitions.
206.1033 Definitions. Sec. 3. As used in this act: (a) “Department” means the department of treasury. (b) “Fund” means the American Red Cross Michigan fund created in section 5. History: 2016, Act 183, Imd. Eff. June 16, 2016
Section 206.990 – Maximum Account Balance Limit.
206.990 Maximum account balance limit. Sec. 10. (1) The maximum account balance limit for an ABLE account shall not exceed the maximum amount allowed for an education savings account pursuant to section 10 of the Michigan education savings program act, 2000 PA 161, MCL 390.1480. (2) The program manager shall notify an account owner if […]