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Code · Michigan · Chapter 324 — Natural Resources and Environmental Protection

324.2134 Land exchange facilitation and management fund; creation; deposit of money or other assets; investment; administration; money carried over.

165 words·~1 min read·/mi/chapter-324/324-2134

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324.2134 Land exchange facilitation and management fund; creation; deposit of money or other assets; investment; administration; money carried over.
Sec. 2134.
(1)A land exchange facilitation and management fund is created in the state treasury.
(2)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.
(3)The fund shall be administered by the department and shall be used only as provided in section 2135.
(4)Any money, including interest earned by the fund, remaining in the fund at the end of a fiscal year shall be carried over in the fund to the next and succeeding fiscal years and shall not lapse to the general fund.
History: Add. 1995, Act 60, Imd. Eff. May 24, 1995 ;-- Am. 2018, Act 239 , Eff. Sept. 25, 2018
Popular Name: Act 451
Popular Name: NREPA
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