Section 722.1029 - Board; powers; deposit of money in fund.
FOSTER CARE TRUST FUND ACT (EXCERPT)
Act 525 of 2008
722.1029 Board; powers; deposit of money in fund.
Sec. 9.
(1) The board may do any of the following:
(a) Accept federal money granted by congress or executive order for the purposes of this act as well as gifts, grants, bequests, and donations from individuals, private organizations, or foundations. The acceptance and use of federal money does not commit state money and does not place an obligation upon the legislature to continue the purposes for which the federal money is made available.
(b) Plan, manage, or conduct a campaign to solicit gifts,
bequests, grants, or donations of money or property, or pledges of gifts, bequests, grants, or donations.
(2) Money received in the manner described in subsection (1) shall be transmitted to the state treasurer for deposit in the trust fund.
History: 2008, Act 525, Imd. Eff. Jan. 13, 2009