Section 432.108 - Disposition of fees and revenue; expenses; limitation.
TRAXLER-MCCAULEY-LAW-BOWMAN BINGO ACT (EXCERPT)
Act 382 of 1972
432.108 Disposition of fees and revenue; expenses; limitation.
Sec. 8.
All fees and revenue collected by the commissioner or bureau under this act shall be paid into the state lottery fund. All necessary expenses incurred by the bureau in the administration and enforcement of any activity authorized by this act and in the initiation, implementation, and ongoing operation of any activity authorized by this act shall be financed from the state lottery fund. The amount of these necessary expenses shall not exceed the amount of revenues received from the sale of charity game tickets and all fees collected under this act. At the end of each fiscal year all money, including interest, in the state lottery fund which is attributable to fees and revenue collected under this act but which has not been expended under this section shall be deposited in the state general fund.
History: 1972, Act 382, Eff. Apr. 1, 1973 ;-- Am. 1973, Act 34, Imd. Eff. June 21, 1973 ;-- Am. 1981, Act 229, Imd. Eff. Jan. 12, 1982 ;-- Am. 2006, Act 427, Imd. Eff. Oct. 5, 2006
Compiler's Notes: For transfer of the Bureau of State Lottery from the Department of Management and Budget to be an autonomous entity within the Department of Treasury, see E.R.O. No. 1991-2, compiled at MCL 12.161 of the Michigan Compiled Laws.
Popular Name: Bingo Act