Michigan Compiled Laws
Article IX - Finance and Taxation (Article IX § 1...§ 42)
Article IX § 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 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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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 1 - Constitution of The State of Michigan of 1963

CONSTITUTION OF MICHIGAN OF 1963 - State Constitution (Article I § 1 - § 0)

Article IX - Finance and Taxation (Article IX § 1...§ 42)

Article IX § 1 Taxes for State Expenses.

Article IX § 2 Power of Taxation, Relinquishment.

Article IX § 3 Property Taxation; Uniformity; Assessments; Limitations; Classes; Approval of Legislature.

Article IX § 4 Exemption of Religious or Educational Nonprofit Organizations.

Article IX § 5 Assessment of Property of Public Service Businesses.

Article IX § 6 Real and Tangible Personal Property; Limitation on General Ad Valorem Taxes; Adoption and Alteration of Separate Tax Limitations; Exceptions to Limitations; Property Tax on School District Extending Into 2 or More Counties.

Article IX § 7 Income Tax.

Article IX § 8 Sales and Use Taxes.

Article IX § 9 Use of Specific Taxes on Fuels for Transportation Purposes; Authorization of Indebtedness and Issuance of Obligations.

Article IX § 10 Sales Tax; Distribution to Local Governments.

Article IX § 11 State School Aid Fund; Source; Distribution; Guarantee to Local School District.

Article IX § 12 Evidence of State Indebtedness.

Article IX § 13 Public Bodies, Borrowing Power.

Article IX § 14 State Borrowing; Short Term.

Article IX § 15 Long Term Borrowing by State.

Article IX § 16 State Loans to School Districts.

Article IX § 17 Payments From State Treasury.

Article IX § 18 State Credit.

Article IX § 19 Subscription to or Interest in Stock by State Prohibited; Exceptions.

Article IX § 20 Deposit of State Money in Certain Financial Institutions; Requirements.

Article IX § 21 Accounting for Public Moneys.

Article IX § 22 Examination and Adjustment of Claims Against State.

Article IX § 23 Financial Records; Statement of Revenues and Expenditures.

Article IX § 24 Public Pension Plans and Retirement Systems, Obligation.

Article IX § 25 Voter Approval of Increased Local Taxes; Prohibitions; Emergency Conditions; Repayment of Bonded Indebtedness Guaranteed; Implementation of Section.

Article IX § 26 Limitation on Taxes; Revenue Limit; Refunding or Transferring Excess Revenues; Exceptions to Revenue Limitation; Adjustment of State Revenue and Spending Limits.

Article IX § 27 Exceeding Revenue Limit; Conditions.

Article IX § 28 Limitation on Expenses of State Government.

Article IX § 29 State Financing of Activities or Services Required of Local Government by State Law.

Article IX § 30 Reduction of State Spending Paid to Units of Local Government.

Article IX § 31 Levying Tax or Increasing Rate of Existing Tax; Maximum Tax Rate on New Base; Increase in Assessed Valuation of Property; Exceptions to Limitations.

Article IX § 32 Suit to Enforce Sections 25 to 31.

Article IX § 33 Definitions Applicable to Sections 25 to 32.

Article IX § 34 Implementation of Sections 25 to 33.

Article IX § 35 Michigan Natural Resources Trust Fund.

Article IX § 35a Michigan State Parks Endowment Fund.

Article IX § 36 Tax on Tobacco Products; Dedication of Proceeds.

Article IX § 37 Michigan Veterans' Trust Fund.

Article IX § 38 Michigan Veterans' Trust Fund Board of Trustees; Establishment.

Article IX § 39 Michigan Veterans' Trust Fund Board of Trustees; Administration of Trust Fund.

Article IX § 40 Michigan Conservation and Recreation Legacy Fund.

Article IX § 41 Michigan Game and Fish Protection Trust Fund.

Article IX § 42 Michigan Nongame Fish and Wildlife Trust Fund.