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 shall distribute the funds to the Junior Achievement of Michigan Great Lakes organization for distribution to other junior achievement organizations in this state.
History: 2016, Act 181, Imd. Eff. June 16, 2016
Structure Michigan Compiled Laws
Chapter 206 - Income Tax Act of 1967
Act 181 of 2016 - Michigan Junior Achievement Fund Act (206.1011 - 206.1021)
Section 206.1011 - Short Title.
Section 206.1013 - Definitions.
Section 206.1017 - Expenditures; Availability of Money Received as Gift or Donation; Distribution.
Section 206.1019 - Use of Money as Matching Funds for Federal Grant.
Section 206.1021 - Appropriation; Money Remaining in Fund at Close of Year.