257.811z Fund-raising plate recognizing be the match; be the match fund; creation; transfer of donation money; disbursement; state treasurer as administrator; expenditure.Sec. 811z. (1) No later than September 1, 2015, the secretary of state shall develop under section 811e and issue under section 811f a fund-raising plate recognizing be the match. The secretary of state shall design the fund-raising plates authorized in this section. (2) The be the match fund is created within the state treasury. 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. Money in the fund at the close of the fiscal year shall remain in the fund and shall not lapse to the general fund. (3) The secretary of state shall transfer the donation money from the sale of fund-raising plates recognizing be the match to the state treasurer, who shall credit the donation money to the be the match fund created under subsection (2). fer the donation money from the sale of fund-raising plates recognizing be the match to the state treasurer, who shall credit the donation money to the be the match fund created under subsection (2). (4) The state treasurer shall disburse money in the be the match fund created under subsection (2) on a quarterly basis to be the match. (5) The state treasurer shall be the administrator of the be the match fund created under subsection (2) for auditing purposes. (6) Money from the be the match fund shall be expended on research, technology, patient support, and education regarding bone marrow donation and transplantation and the testing of new be the match registrants. History: Add. 2014, Act 390, Eff. Mar. 31, 2015
Michigan Legal Code