Michigan Compiled Laws § 324.52710 Special Forestry Fund; Creation; Payments In Lieu Of Property Taxes.


324.52710 Special forestry fund; creation; payments in lieu of property taxes.

Sec. 52710.

Any income from forest land shall be paid into the general fund of the municipality and may be set up in a special forestry fund by the municipality. A forestry commission and the townships and school districts in which its municipal forest lies by agreement shall determine a formula under which the forestry commission shall make payments to the townships and school districts in lieu of general property taxes which would otherwise be levied against the land and forests comprising the municipal forest.


History: Add. 1995, Act 57, Imd. Eff. May 24, 1995
Popular Name: Act 451
Popular Name: NREPA


Section: Previous  324.52701  324.52702  324.52703  324.52704  324.52705  324.52706  324.52707  324.52708  324.52709  324.52710  

Last modified: October 10, 2016