Section 206.1061 – Short Title.
206.1061 Short title. Sec. 1. This act shall be known and may be cited as the “Kiwanis fund act”. History: 2018, Act 259, Imd. Eff. June 28, 2018
Section 206.1063 – Definitions.
206.1063 Definitions. Sec. 3. As used in this act: (a) “Department” means the department of treasury. (b) “Fund” means the Kiwanis fund created in section 5. History: 2018, Act 259, Imd. Eff. June 28, 2018
Section 206.1065 – Kiwanis Fund; Creation; Purpose; Amounts Credited Under MCL 206.435; Investments.
206.1065 Kiwanis fund; creation; purpose; amounts credited under MCL 206.435; investments. Sec. 5. (1) The Kiwanis fund is created in the department to provide funds for donation to any Kiwanis club or organization located in this state to improve the world by making lasting differences in the lives of children. (2) The state treasurer shall […]
Section 206.1067 – Interest, Earnings, and Gifts; Expenditures.
206.1067 Interest, earnings, and gifts; expenditures. 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 to each county from which a contribution, gift, […]
Section 206.1069 – Use of Money as Matching Funds for Federal Grant.
206.1069 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 the purposes described under section 5. History: 2018, Act 259, Imd. Eff. June 28, 2018
Section 206.1071 – Appropriations; Money Remaining in Fund at Close of Year.
206.1071 Appropriations; 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: 2018, Act 259, Imd. […]