Michigan Compiled Laws § 324.17327 Electronic Waste Recycling Fund; Creation; Deposit Of Money Or Assets; Investment; Money At Close Of Fiscal Year; Administrator Of Fund; Expenditures.

324.17327 Electronic waste recycling fund; creation; deposit of money or assets; investment; money at close of fiscal year; administrator of fund; expenditures.

Sec. 17327.

(1) The electronic waste recycling 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 of environmental quality shall be the administrator of the fund for auditing purposes.

(5) Money from the fund shall be expended, upon appropriation, for the administrative expenses of the department in implementing this part.

History: Add. 2008, Act 394, Imd. Eff. Dec. 29, 2008
Popular Name: Act 451
Popular Name: NREPA

Section: Previous  324.17307  324.17309  324.17311  324.17313  324.17315  324.17317  324.17319  324.17321  324.17323  324.17325  324.17327  324.17329  324.17331  324.17333    Next

Last modified: October 10, 2016