324.41403 Inland lake aquatic invasive plant species control and eradication fund; creation; investment, disposition, and expenditure of money.
202 words·~1 min read·
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324.41403 Inland lake aquatic invasive plant species control and eradication fund; creation; investment, disposition, and expenditure of money.
Sec. 41403.
(1)The inland lake aquatic invasive plant species control and eradication fund is created within 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)Money in the fund at the close of the fiscal year shall remain in the fund and shall not lapse to the general fund.
(4)The department shall be the administrator of the fund for auditing purposes.
(5)The department shall expend money from the fund, upon appropriation, only for the following:
(a)Inland lake aquatic invasive plant species control or eradication grants.
(b)Grant administration, in an amount not to exceed 3% of annual available funding.
History: Add. 2018, Act 671 , Eff. Mar. 29, 2019
Compiler's Notes: Former Part 414, MCL 324.41401-324.41415, which pertained to the Aquatic Invasive Species Advisory Council, was repealed by Act 286 of 2011, Eff. Dec. 21, 2015.
Popular Name: Act 451
Popular Name: NREPA