28.523 Retired law enforcement officer safety fund; creation in state treasury; credit of funds; balance remaining at end of fiscal year; administration for auditing purp
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28.523 Retired law enforcement officer safety fund; creation in state treasury; credit of funds; balance remaining at end of fiscal year; administration for auditing purposes; expenditures.
Sec. 13.
(1)The retired law enforcement officer safety fund is created in the state treasury.
(2)The state treasurer shall credit to the fund deposits from the collection of application fees as provided in section 14. 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)The unencumbered balance remaining in the fund at the end of a fiscal year shall remain in the fund and shall not revert to the general fund.
(4)The department of state police is the administrator of the fund for auditing purposes.
(5)The commission shall expend money from the fund, upon appropriation, only for the purposes of this act.
History: 2008, Act 537 , Eff. Mar. 31, 2009