HOUSE BILL No. 6536


     December 3, 2002, Introduced by Reps. Schauer, Spade, Gilbert, Middaugh, George and Thomas and referred to the
Committee on Transportation.


        A bill to amend 1949 PA 300, entitled

   "Michigan vehicle code,"

   (MCL 257.1 to 257.923) by adding section 217j.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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             SEC. 217J.  (1) THE MICHIGAN FREEDOM TRAIL FUND IS CREATED

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        WITHIN THE STATE TREASURY.

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             (2) THE STATE TREASURER MAY RECEIVE MONEY OR OTHER ASSETS

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        FROM ANY SOURCE FOR DEPOSIT INTO THE FUND.  THE STATE TREASURER

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        SHALL DIRECT THE INVESTMENT OF THE FUND.  THE STATE TREASURER

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        SHALL CREDIT TO THE FUND INTEREST AND EARNINGS FROM FUND

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        INVESTMENTS.

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             (3) MONEY IN THE FUND AT THE CLOSE OF THE FISCAL YEAR SHALL

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        REMAIN IN THE FUND AND SHALL NOT LAPSE TO THE GENERAL FUND.

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             (4) THE STATE TREASURER SHALL DISBURSE MONEY IN THE FUND ON

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        A QUARTERLY BASIS TO THE MICHIGAN UNDERGROUND RAILROAD COUNCIL.


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             (5) AS USED IN THIS SECTION, "FUND" MEANS THE MICHIGAN

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        FREEDOM TRAIL FUND CREATED IN SUBSECTION (1).

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             Enacting section 1.  This amendatory act does not take

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        effect unless Senate Bill No. _____ or House Bill No. 6525

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        (request no. 05078'01) of the 91st Legislature is enacted into

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        law.












































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