333.12431 Migratory labor housing fund; creation; appropriation; deposit; investment; interest and earnings; administration for auditing purposes; use of funds; money in
210 words·~1 min read·
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333.12431 Migratory labor housing fund; creation; appropriation; deposit; investment; interest and earnings; administration for auditing purposes; use of funds; money in fund.
Sec. 12431.
(1)A migratory labor housing fund is created within the state treasury and shall receive funds appropriated by the legislature and as provided under this part. The state treasurer may receive money or other assets from any source 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. The department shall be the administrator of the fund for auditing purposes.
(2)Money in the fund shall be used for implementation of this part.
(3)Money in the fund at the close of the fiscal year shall remain in the fund and shall not lapse to the general fund.
History: 1978, Act 368, Eff. Sept. 30, 1978 ;-- Am. 2005, Act 43 , Imd. Eff. June 16, 2005 ;-- Am. 2010, Act 13 , Imd. Eff. Mar. 16, 2010
Compiler's Notes: For transfer of powers and duties of migrant labor housing program from department of health and human services to department of agriculture and rural development, see E.R.O. No. 2017-3, compiled at MCL 333.26254.
Popular Name: Act 368