reglab/housing_qa huggingface dataset:
MI Comp L § 206.984 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.984 - Management Contract; Supervision.

206.984 Management contract; supervision.Sec. 4.  The treasurer shall be responsible for the ongoing supervision of each management contract. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.985 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.985 - Management Contract; Term of Years; Termination.

206.985 Management contract; term of years; termination.Sec. 5.  (1) A management contract shall be for a term of years specified in the management contract.  (2) The treasurer may terminate a management contract based on the criteria specified in the management contract. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.986 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.986 - Contracts as Necessary and Proper.

206.986 Contracts as necessary and proper.Sec. 6.  The treasurer may enter into contracts that it considers necessary and proper for the implementation of this program. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.988 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.988 - Changes in Account Owners or Designated Beneficiaries; Transfers.

206.988 Changes in account owners or designated beneficiaries; transfers.Sec. 8.  (1) Changes in account owners or designated beneficiaries are permitted as follows:  (a) An account owner may change the designated beneficiary of an account to another eligible individual who is a member of the family of the previously designated beneficiary.  (b) An account owner may transfer all or a portion of an account to another ABLE savings account with another designated beneficiary as long as the new designated beneficiary of the account to which the transfer is made is an eligible individual and a member of the family of the previous designated beneficiary.  (c) An account owner may designate another individual as a successor owner of the account in the event of the death of the account owner. The successor owner must meet the definition of an account owner under this act.  (2) Changes in designated beneficiaries and transfers under this section are not permitted to the extent that the change or transfer would constitute excess contributions or unauthorized investment choices. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.989 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.989 - Directing Investment of Contributions in Violation of Internal Revenue Code; Prohibition; Administrative Services; Use of Interest as Loan Security.

206.989 Directing investment of contributions in violation of internal revenue code; prohibition; administrative services; use of interest as loan security.Sec. 9.  (1) An account owner shall not, directly or indirectly, direct the investment of any contributions to an account or the earnings on an account in violation of section 529A of the internal revenue code. An account owner may select among different investment strategies designed by a program manager to the extent allowed under section 529A of the internal revenue code.  (2) The program may allow employees of the program, or the employees of a contractor hired by the program to perform administrative services, to make contributions to an account.  (3) An interest in an account shall not be used by an account owner or a designated beneficiary as security for a loan. Any pledge of an interest in an account has no force or effect. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.990 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.990 - Maximum Account Balance Limit.

206.990 Maximum account balance limit.Sec. 10.  (1) The maximum account balance limit for an ABLE account shall not exceed the maximum amount allowed for an education savings account pursuant to section 10 of the Michigan education savings program act, 2000 PA 161, MCL 390.1480.  (2) The program manager shall notify an account owner if the annual contributions to an ABLE savings account get within $1,000.00 of the contributions limits established under section 7(4). The program manager shall provide an account owner with written notification at least 5 business days before rejecting a contribution as provided in subsection (3).  (3) The program manager shall reject a contribution to any account for a designated beneficiary if, at the time of the contribution, the total balance of the account for that designated beneficiary has reached the maximum account balance limit under subsection (1) or the contribution is in excess of the limits established pursuant to section 7(4). An account may continue to accrue earnings if the total balance of the account for that beneficiary has reached the maximum account balance limit and shall not be considered to have exceeded the maximum account balance limit under subsection (1). History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.991 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.991 - Submission of Certain Information to Internal Revenue Service, Department, and Account Owner.

206.991 Submission of certain information to internal revenue service, department, and account owner.Sec. 11.  (1) In accordance with section 529A(d) of the internal revenue code, each program manager shall submit both of the following to the internal revenue service and the department:  (a) A notice upon the establishment of each ABLE savings account. The notice must contain the name and state of residence of the designated beneficiary and any other information as required by law or regulation.   (b) An aggregate report of the contributions, distributions, the return of excess contributions, and any other matter as required by law or regulation regarding its ABLE program during the tax year.  (2) Each program manager shall provide to the account owner, on or before the January 31 following the end of each calendar year, statements that identify the individual contributions made during the tax year, the total contributions made to the account for the tax year, the value of the account at the end of the tax year, distributions made during the tax year, the amount of excess contributions returned during the tax year, and any other information as required by the department.  (3) As required under section 529A(d) of the internal revenue code, the department shall electronically submit on a monthly basis to the commissioner of social security, in a manner specified by the commissioner of social security, statements on relevant distributions and account balances from all ABLE savings accounts. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.992 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.992 - Disclosure of Information to Account Owner and Other Person Requesting Information.

206.992 Disclosure of information to account owner and other person requesting information.Sec. 12.  Each program manager shall disclose the following information in writing to each account owner of an ABLE savings account and any other person who requests information about an ABLE savings account:  (a) The terms and conditions for establishing an ABLE savings account.  (b) Restrictions on the substitutions of designated beneficiaries and transfer of account funds.  (c) The person entitled to terminate a Michigan ABLE savings program agreement.  (d) The period of time during which a designated beneficiary may receive benefits under the Michigan ABLE savings program agreement.  (e) The terms and conditions under which money may be wholly or partially withdrawn from an account or the program, including, but not limited to, any reasonable charges and fees and penalties that may be imposed for withdrawal.  (f) The potential tax consequences associated with contributions to and distributions and withdrawals from accounts.  (g) Investment history and potential growth of account funds and a projection of the impact of the growth of the account funds on the maximum amount allowable in an account.  (h) All other rights and obligations under Michigan ABLE savings program agreements and any other terms, conditions, and provisions of a contract or an agreement entered into under this act. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.993 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.993 - Construction and Interpretation of Act and Agreement.

206.993 Construction and interpretation of act and agreement.Sec. 13.  This act and any agreement under this act shall not be construed or interpreted to do any of the following:  (a) Give any designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner.  (b) Give residency status to an individual merely because the individual is a designated beneficiary. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.994 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.994 - State Obligation.

206.994 State obligation.Sec. 14.  (1) This act does not create and shall not be construed to create any obligation upon this state or any agency or instrumentality of this state to guarantee for the benefit of an account owner or designated beneficiary any of the following:  (a) The rate of interest or other return on an account.  (b) The payment of interest or other return on an account.  (2) The contracts, applications, deposit slips, and other similar documents used in connection with a contribution to an account shall clearly indicate that the account is not insured by this state and that the money deposited into and investment return earned on an account are not guaranteed by this state. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.995 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.995 - Annual Report.

206.995 Annual report.Sec. 15.  Each program manager shall file an annual report with the treasurer that includes all of the following:  (a) The names and identification numbers of account owners and designated beneficiaries. The information reported pursuant to this subdivision is not subject to the freedom of information act, 1976 PA 442, MCL 15.231 to 15.246.  (b) The total amount contributed to all accounts during the year.  (c) All distributions from all accounts and whether or not each distribution was a qualified withdrawal.  (d) Any information that the program manager or treasurer may require regarding the taxation of amounts contributed to or withdrawn from accounts. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.996 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.996 - Tax Exemption.

206.996 Tax exemption.Sec. 16.  (1) Contributions to and interest earned on an ABLE savings account are exempt from taxation as provided in section 30 of the income tax act of 1967, 1967 PA 281, MCL 206.30.  (2) Withdrawals made from ABLE savings accounts are taxable as provided in section 30 of the income tax act of 1967, 1967 PA 281, MCL 206.30. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.997 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 160 of 2015 - Michigan Achieving a Better Life Experience (Able) Program Act (206.981 - 206.997)|Section 206.997 - Consideration of Financial Circumstances for Purpose of Assistance Program; Effect of Able Savings Account.

206.997 Consideration of financial circumstances for purpose of assistance program; effect of ABLE savings account.Sec. 17.  (1) Notwithstanding any other provision of law regarding an assistance program offered by this state that requires consideration of 1 or more financial circumstances of an individual, for the purpose of determining eligibility to receive, or the amount of, any assistance or benefit authorized by that provision to be provided to or for the benefit of an individual, any amount and interest earned on an ABLE savings account for the individual, any contributions to the ABLE savings account of the individual, and any distribution for qualified disability expenses shall be disregarded as provided in section 10g of the social welfare act, 1939 PA 280, MCL 400.10g, with respect to any period during which the individual maintains, makes contributions to, or receives distributions from his or her ABLE savings account.  (2) Upon the death of the designated beneficiary, the amount remaining in his or her ABLE savings account shall be distributed pursuant to section 529A(f) of the internal revenue code. History: 2015, Act 160, Eff. Jan. 26, 2016
MI Comp L § 206.1011 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 181 of 2016 - Michigan Junior Achievement Fund Act (206.1011 - 206.1021)|Section 206.1011 - Short Title.

206.1011 Short title.Sec. 1.  This act shall be known and may be cited as the "Michigan junior achievement fund act". History: 2016, Act 181, Imd. Eff. June 16, 2016
MI Comp L § 206.1013 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 181 of 2016 - Michigan Junior Achievement Fund Act (206.1011 - 206.1021)|Section 206.1013 - Definitions.

206.1013 Definitions.Sec. 3.  As used in this act:  (a) "Department" means the department of treasury.  (b) "Fund" means the Michigan junior achievement fund created in section 5. History: 2016, Act 181, Imd. Eff. June 16, 2016
MI Comp L § 206.1015 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 181 of 2016 - Michigan Junior Achievement Fund Act (206.1011 - 206.1021)|Section 206.1015 - Michigan Junior Achievement Fund; Creation; Purpose; Administrator; Amounts Credited Under MCL 206.435; Interest and Earnings; Other Appropriations, Money, or Value; Investment.

206.1015 Michigan junior achievement fund; creation; purpose; administrator; amounts credited under MCL 206.435; interest and earnings; other appropriations, money, or value; investment.Sec. 5.  (1) The Michigan junior achievement fund is created in the department to provide funds for donation to any junior achievement organization located in this state to assist each organization in achieving its goals of inspiring and preparing young people to succeed in a global economy by showing them how to generate wealth and effectively manage it, how to create jobs which make their communities more robust, and how to apply entrepreneurial thinking to the workplace. The department shall be the administrator of the fund for auditing purposes.   (2) The state treasurer shall credit to the fund all amounts appropriated for this purpose under section 435 of the income tax act of 1967, 1967 PA 281, MCL 206.435.  (3) The fund shall consist of the money credited to the fund pursuant to section 435 of the income tax act of 1967, 1967 PA 281, MCL 206.435, any interest and earnings accruing from the saving and investment of that money, and other appropriations, money, or other things of value received by the fund.  (4) The state treasurer shall direct the investment of the fund. History: 2016, Act 181, Imd. Eff. June 16, 2016
MI Comp L § 206.1017 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 181 of 2016 - Michigan Junior Achievement Fund Act (206.1011 - 206.1021)|Section 206.1017 - Expenditures; Availability of Money Received as Gift or Donation; Distribution.

206.1017 Expenditures; availability of money received as gift or donation; distribution.Sec. 7.  (1) The money, interest, and earnings of the fund shall be expended solely for the purposes described in this act.  (2) Money granted or received as a gift or donation to the fund is available for distribution upon appropriation.  (3) The department shall distribute the funds to the Junior Achievement of Michigan Great Lakes organization for distribution to other junior achievement organizations in this state. History: 2016, Act 181, Imd. Eff. June 16, 2016
MI Comp L § 206.1019 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 181 of 2016 - Michigan Junior Achievement Fund Act (206.1011 - 206.1021)|Section 206.1019 - Use of Money as Matching Funds for Federal Grant.

206.1019 Use of money as matching funds for federal grant.Sec. 9.  Money from the fund may be used as matching funds for a federal grant if those funds are to be used for financial literacy, entrepreneurship, and workforce readiness with junior achievement organizations in this state and for the purposes described under section 5. History: 2016, Act 181, Imd. Eff. June 16, 2016
MI Comp L § 206.1021 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 181 of 2016 - Michigan Junior Achievement Fund Act (206.1011 - 206.1021)|Section 206.1021 - Appropriation; Money Remaining in Fund at Close of Year.

206.1021 Appropriation; money remaining in fund at close of year.Sec. 11.  The money in the fund that is available for distribution shall be appropriated each year. Money in the fund at the close of the year shall remain in the fund and shall not lapse to the general fund. History: 2016, Act 181, Imd. Eff. June 16, 2016
MI Comp L § 206.1031 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 183 of 2016 - American Red Cross Michigan Fund Act (206.1031 - 206.1039)|Section 206.1031 - Short Title.

206.1031 Short title.Sec. 1.  This act shall be known and may be cited as the "American Red Cross Michigan fund act". History: 2016, Act 183, Imd. Eff. June 16, 2016
MI Comp L § 206.1033 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 183 of 2016 - American Red Cross Michigan Fund Act (206.1031 - 206.1039)|Section 206.1033 - Definitions.

206.1033 Definitions.Sec. 3.  As used in this act:  (a) "Department" means the department of treasury.  (b) "Fund" means the American Red Cross Michigan fund created in section 5. History: 2016, Act 183, Imd. Eff. June 16, 2016
MI Comp L § 206.1035 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 183 of 2016 - American Red Cross Michigan Fund Act (206.1031 - 206.1039)|Section 206.1035 - American Red Cross Michigan Fund; Creation; Purpose; Administrator; Credit of Amounts Appropriated Under MCL 206.435; Investment; Interest and Earnings; Money From Other Sources; Money Remaining at Close of Fiscal Year.

206.1035 American Red Cross Michigan fund; creation; purpose; administrator; credit of amounts appropriated under MCL 206.435; investment; interest and earnings; money from other sources; money remaining at close of fiscal year.Sec. 5.  (1) The American Red Cross Michigan fund is created in the department to provide funds for donation to the Michigan chapters of the American Red Cross. The department shall be the administrator of the fund for auditing purposes.  (2) The state treasurer shall credit to the fund all amounts appropriated for this purpose under section 435 of the income tax act of 1967, 1967 PA 281, MCL 206.435, and money from any other source for deposit into the fund.  (3) The state treasurer shall direct the investment of the fund. The fund shall consist of the money credited to the fund pursuant to section 435 of the income tax act of 1967, 1967 PA 281, MCL 206.435, any interest and earnings accruing from the saving and investment of that money, and money from any other source.  (4) Money in the fund at the close of the year shall remain in the fund and shall not lapse to the general fund. History: 2016, Act 183, Imd. Eff. June 16, 2016
MI Comp L § 206.1037 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 183 of 2016 - American Red Cross Michigan Fund Act (206.1031 - 206.1039)|Section 206.1037 - Expenditures.

206.1037 Expenditures.Sec. 7.  The money, interest, and earnings of the fund shall be expended solely for donation to the mid-Michigan chapter of the American Red Cross for distribution to the Michigan chapters of the American Red Cross. History: 2016, Act 183, Imd. Eff. June 16, 2016
MI Comp L § 206.1039 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 183 of 2016 - American Red Cross Michigan Fund Act (206.1031 - 206.1039)|Section 206.1039 - Distributions.

206.1039 Distributions.Sec. 9.  The money in the fund that is available for distribution shall be appropriated each year. Money granted or received as a gift or donation to the fund is available for distribution upon appropriation. History: 2016, Act 183, Imd. Eff. June 16, 2016
MI Comp L § 206.1041 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 255 of 2018 - Lions of Michigan Foundation Fund Act (206.1041 - 206.1051)|Section 206.1041 - Short Title.

206.1041 Short title.Sec. 1.  This act shall be known and may be cited as the "Lions of Michigan Foundation fund act". History: 2018, Act 255, Imd. Eff. June 28, 2018
MI Comp L § 206.1043 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 255 of 2018 - Lions of Michigan Foundation Fund Act (206.1041 - 206.1051)|Section 206.1043 - Definitions.

206.1043 Definitions.Sec. 3.  As used in this act:  (a) "Department" means the department of treasury.  (b) "Fund" means the Lions of Michigan Foundation fund created in section 5. History: 2018, Act 255, Imd. Eff. June 28, 2018
MI Comp L § 206.1045 (2021)
2021 Michigan Compiled Laws|Chapter 206 - Income Tax Act of 1967|Act 255 of 2018 - Lions of Michigan Foundation Fund Act (206.1041 - 206.1051)|Section 206.1045 - Lions of Michigan Foundation Fund; Creation; Purpose; Amounts Credited Under MCL 206.435; Investments.

206.1045 Lions of Michigan Foundation fund; creation; purpose; amounts credited under MCL 206.435; investments.Sec. 5.  (1) The Lions of Michigan Foundation fund is created in the department to provide funds for donation to the Lions of Michigan Foundation to assist Michigan Lions Clubs and other charities deliver services aimed at helping children and adults with sight and hearing deficiencies and improve the quality of life of people in this state with unmet needs.  (2) The state treasurer shall credit to the fund all amounts appropriated for this purpose under section 435 of the income tax act of 1967, 1967 PA 281, MCL 206.435.  (3) The fund shall consist of the money credited to the fund pursuant to section 435 of the income tax act of 1967, 1967 PA 281, MCL 206.435, any interest and earnings accruing from the saving and investment of that money, and other appropriations, money, or other things of value received by the fund.  (4) The state treasurer shall direct the investment of the fund. History: 2018, Act 255, Imd. Eff. June 28, 2018