Section 257.810b - Transportation administration collection fund; creation; investment, disposition, and expenditure of money; payments under certain sections of law; report of itemized list of deposi
MICHIGAN VEHICLE CODE (EXCERPT)
Act 300 of 1949
257.810b Transportation administration collection fund; creation; investment, disposition, and expenditure of money; payments under certain sections of law; report of itemized list of deposits and expenditures; review of funds to be used to leverage additional federal funds.
Sec. 810b.
(1) The transportation administration collection fund is created within the state treasury.
(2) The state treasurer may receive money from the collections authorized under this act for deposit into the fund. 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) Money in the fund at the close of the fiscal year shall not lapse into the Michigan transportation fund.
(4) Except as provided in subsection (6), upon appropriation, the department of state shall expend money from the fund that is credited to the fund from revenue collected under sections 801 to 810 only to pay the necessary collection expenses incurred by the department of state in the administration and enforcement of sections 801 to 810.
(5) The department of treasury shall expend money in the fund, upon appropriation, only to defray the costs of collecting motor fuel taxes.
(6) The department of state shall expend money as appropriated from the fund that is credited to the fund on or after October 1, 2005 under each of the following sections of law to pay either the necessary collection of expenses incurred by the department of state in the administration and enforcement of sections 801 to 810 or other necessary expenses:
(a) Sections 208b and 232.
(b) Section 7 of 1972 PA 222, MCL 28.297.
(c) Sections 80130, 80315, 81114, and 82156 of the natural resources and environmental protection act, 1994 PA 451, MCL 324.80130, 324.80315, 324.81114, and 324.82156.
(7) The department of state shall, by January 1 of each year, file a report with the secretary of the senate and the clerk of the house of representatives providing an itemized list of deposits into and expenditures from the fund for the preceding fiscal year.
(8) The state transportation department shall review all funds received by the state transportation department from funding sources provided for under this act to determine whether those funds can be used to leverage additional federal funds.
History: Add. 2003, Act 152, Eff. Oct. 1, 2003 ;-- Am. 2004, Act 52, Eff. May 1, 2004 ;-- Am. 2005, Act 141, Imd. Eff. Sept. 29, 2005 ;-- Am. 2006, Act 549, Imd. Eff. Dec. 29, 2006 ;-- Am. 2009, Act 99, Imd. Eff. Sept. 30, 2009