Vehicles: fund-raising registration plates; 4-H Foundation fund; create. Amends 1949 PA 300 (MCL 257.1 - 257.923) by adding sec. 811jj. TIE BAR WITH: HB 5058'23
The primary impact of HB 5056 is the formal creation of the Michigan 4-H Foundation fund which will provide financial support for the foundation's activities. This change is designed to enhance funding stability for 4-H initiatives in Michigan, which often focus on youth development, agricultural education, and community engagement. Additionally, the bill ensures that the state treasurer retains the authority to manage and oversee the fund, indicating a consolidated approach to financial stewardship for programs that serve the community.
House Bill 5056, recently approved by the Michigan legislature, amends the 1949 PA 300. This bill aims to establish the Michigan 4-H Foundation fund, which is set up within the state treasury. The fund will be managed by the state treasurer and allows for the receipt of funds from various sources, the investment of these funds, and the disbursement of money on a quarterly basis to the Michigan 4-H Foundation. The bill indicates that any money remaining in the fund at the close of the fiscal year will not lapse to the general fund, ensuring its continuity for the specific purposes intended under this act.
Overall, the sentiment around HB 5056 appears to be positive, especially among supporters of the 4-H program and rural education advocates. Legislators from diverse parties have recognized the importance of maintaining and supporting youth programs that contribute to agricultural development and community involvement. As such, the passage of this bill can be seen as a collaborative effort to reinforce local aid and educational opportunities for young residents of Michigan.
While the bill passed unanimously during its last reading, it is worth noting that discussions surrounding educational and funding initiatives in the state can sometimes provoke debates on budget allocations and prioritization of programs. However, HB 5056 did not exhibit significant points of contention during the voting process, which suggests a shared recognition of the value of the 4-H program among lawmakers.