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

324.32905 Michigan Great Lakes protection fund; creation; sources of money; investment of fund; crediting interest and earnings to fund; money not to revert to general fu

167 words·~1 min read·/mi/chapter-324/324-32905

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324.32905 Michigan Great Lakes protection fund; creation; sources of money; investment of fund; crediting interest and earnings to fund; money not to revert to general fund; annual report.
Sec. 32905.
(1)The Michigan Great Lakes protection fund is created in the state treasury.
(2)The fund shall receive money from the following sources:
(a)Money received by the state from the Great Lakes protection fund authorized in part 331.
(b)Gifts and contributions to the fund.
(c)Other sources provided by law.
(3)The state treasurer shall direct the investment of the fund. Interest and earnings of the fund shall be credited to the fund. Money in the fund at the end of the fiscal year shall remain in the fund and shall not revert to the general fund.
(4)The state treasurer shall annually report to the board and the department on the amount of money in the fund.
History: Add. 1995, Act 59, Imd. Eff. May 24, 1995
Popular Name: Act 451
Popular Name: NREPA
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