SENATE BILL NO. 412


   March 4, 1999, Introduced by Senator LELAND and referred to the
        Committee on Appropriations.



        A bill to amend 1971 PA 140, entitled

   "State revenue sharing act of 1971,"

   (MCL 141.901 to 141.921) by adding section 13e.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 13E.  (1) THE ABANDONED PROPERTY FUND IS ESTABLISHED IN

 2    THE DEPARTMENT OF TREASURY.

 3         (2) FOR DISTRIBUTIONS UNDER THIS ACT AFTER THE EFFECTIVE

 4    DATE OF THE AMENDATORY ACT THAT ADDED THIS SECTION AND NOTWITH-

 5    STANDING ANY OTHER PROVISION OF THIS ACT, THE TOTAL DISTRIBUTION

 6    UNDER THIS ACT TO EACH CITY WITH A POPULATION OF 850,000 OR MORE

 7    SHALL BE REDUCED BY $10,000,000.00 WHICH SHALL BE DEPOSITED IN

 8    THE ABANDONED PROPERTY FUND.

 9         (3) THE MONEY IN THE ABANDONED PROPERTY FUND SHALL BE

10    DISTRIBUTED TO NONPROFIT ORGANIZATIONS LOCATED IN A CITY WITH A

11    POPULATION OF 850,000 OR MORE AND USED SOLELY FOR THE PURPOSE OF


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 1    TEARING DOWN AND OTHERWISE DEMOLISHING BUILDINGS ON SPECIFIED

 2    PROPERTY CONDEMNED BY THAT CITY.

 3         (4) A NONPROFIT ORGANIZATION MAY APPLY TO THE DEPARTMENT OF

 4    TREASURY FOR MONEY FROM THE ABANDONED PROPERTY FUND TO TEAR DOWN

 5    OR OTHERWISE DEMOLISH BUILDINGS ON A SPECIFIED PARCEL OF PROPERTY

 6    AFTER THE CITY CONDEMNS THE PROPERTY AND NOT LESS THAN 6 MONTHS

 7    AFTER THE DATE ON WHICH OWNERSHIP OF THE PROPERTY VESTS IN THE

 8    CITY.

 9         (5) THE DEPARTMENT OF TREASURY SHALL NOT USE ANY OF THE

10    MONEY FROM THE ABANDONED PROPERTY FUND TO ADMINISTER THE PROGRAM

11    UNDER THIS SECTION.


































   01069'99          Final page.                            JLB