Sec. 8.
Money, assets, or other items of value collected or received under this act, whether collected from assessments, received as grants or gifts, or earned from royalties or license fees or derived from any activities performed by an organization, agency, or individual and conducted under this act, are not state money and must be deposited in a financial institution in this state. The money, assets, or other items of value described in this section are allocated to the commission and must be disbursed by the commission to carry out its responsibilities under this act.
History: 2020, Act 332, Imd. Eff. Dec. 29, 2020
Structure Michigan Compiled Laws
Chapter 460 - Public Utilities
Act 332 of 2020 - Propane Commission Act (460.621 - 460.631)
Section 460.621 - Short Title.
Section 460.622 - Definitions.
Section 460.623 - Propane Commission; Membership; Term; Appointment; Audit; Director Supervision.
Section 460.626 - Propane Commission; Body Corporate; Powers.
Section 460.628 - Deposit and Disbursement of Revenues Collected.
Section 460.629 - Failure to Collect and Remit Assessments; Penalties.
Section 460.630 - Enforcement by Department; Written Complaint.