KIWANIS INTL. FUND-RAISING PLATE                                                     H.B. 4495 (S-1):

                                                                                                    SUMMARY OF BILL

                                                                                      REPORTED FROM COMMITTEE

House Bill 4495 (Substitute S-1 as reported)

Sponsor:  Representative Peter J. Lucido

House Committee:  Transportation and Infrastructure

Senate Committee:  Transportation

CONTENT

The bill would amend the Michigan Vehicle Code to do the following:

-- Require the Secretary of State to develop and issue a Kiwanis International Michigan District fund-raising plate or collector plate.

-- Create the "Kiwanis International Michigan District Fund" within the State Treasury and require the money from the sale of the plates to be deposited into the Fund.

-- Require the money in the proposed Fund to be disbursed on a quarterly basis to the Kiwanis International Michigan District.

-- Revise the Code's definition of "nonprofit".

MCL 2573811d                                                         Legislative Analyst:  Drew Krogulecki

Proposed MCL 257.811gg

FISCAL IMPACT

The bill would create a start-up cost to the Department of State; however, the start-up fee prescribed in the Code would have to be paid to the Department from the Kiwanis International Michigan District Fund proposed in the bill. The start-up fee is determined by the latest three-year average, which for fiscal year 2017-18 is estimated at $90,000. The revenue generated from the Kiwanis International Michigan District fund-raising license plate established under the bill would be deposited into the proposed Fund, after which the State Treasurer would disburse payments from the Fund on a quarterly basis to the Kiwanis International Michigan District.

The bill would have no fiscal impact on local government.

Date Completed:  9-11-18                                                    Fiscal Analyst:  Joe Carrasco

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.