Sec. 13.
(1) The retired law enforcement officer safety fund is created in the state treasury.
(2) The state treasurer shall credit to the fund deposits from the collection of application fees as provided in section 14. The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments.
(3) The unencumbered balance remaining in the fund at the end of a fiscal year shall remain in the fund and shall not revert to the general fund.
(4) The department of state police is the administrator of the fund for auditing purposes.
(5) The commission shall expend money from the fund, upon appropriation, only for the purposes of this act.
History: 2008, Act 537, Eff. Mar. 31, 2009
Structure Michigan Compiled Laws
Chapter 28 - Michigan State Police
Act 537 of 2008 - Michigan Retired Law Enforcement Officer's Firearm Carry Act (28.511 - 28.527)
Section 28.514 - Eligibility to Carry Concealed Firearm.
Section 28.522 - Firearm Subject to Seizure and Forfeiture.
Section 28.525 - Immunity From Liability.
Section 28.527 - Expiration of Commission's Authority to Issue Certificates.