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

324.61602 Orphan well fund; creation; disposition of assets.

105 words·~1 min read·/mi/chapter-324/324-61602

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324.61602 Orphan well fund; creation; disposition of assets.
Sec. 61602.
(1)The orphan well 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.
History: Add. 1995, Act 57, Imd. Eff. May 24, 1995
Popular Name: Act 451
Popular Name: NREPA
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