Michigan Compiled Laws 451-1994-i-19 Part 19 Natural Resources Trust Fund (324.1901...324.1911)

• Section 324.1901 Definitions.
  As used in this part: (a) “Board” means the Michigan natural resources trust fund board established in section 1905. (b) “Economic development revenue bonds...
• Section 324.1902 Michigan Natural Resources Trust Fund; Establishment; Contents; Transfer Of Amount To Michigan State Parks Endowment Fund; Receipts; Investment; Report On Accounting Of Revenues And Expenditures; "Michigan State Parks Endowment Fund" Defined.
  (1) In accordance with section 35 of article IX of the state constitution of 1963, the Michigan natural resources trust fund is established in...
• Section 324.1903 Expenditures.
  (1) Subject to the limitations of this part and of section 35 of article IX of the state constitution of 1963, the interest and...
• Section 324.1904 Limitation On Amount Accumulated In Trust Fund; Deposit And Distribution Of Amount.
  The amount accumulated in the trust fund shall not exceed $500,000,000.00, exclusive of interest and earnings and amounts authorized for expenditure under this part....
• Section 324.1905 Michigan Natural Resources Trust Fund Board; Establishment; Powers And Duties Of Transferred Agency; Cooperation, Aid, Offices, And Equipment; Appointment And Terms Of Members; Removal; Vacancies; Expenses; Compensation.
  (1) The Michigan natural resources trust fund board is established within the department. The board shall have the powers and duties of an agency...
• Section 324.1906 Board; Election Of Chairperson; Administrative Procedures; Conducting Business At Public Meeting; Notice; Meetings Of Board; Availability Of Writings To Public; Reports.
  (1) The board shall elect a chairperson and establish its administrative procedures. The business which the board may perform shall be conducted at a...
• Section 324.1907 List Of Lands, Rights In Land, And Public Recreation Facilities To Be Acquired Or Developed; Estimates Of Total Costs; Guidelines; Legislative Approval; "Qualified Conservation Organization" Defined.
  (1) The board shall determine which lands and rights in land within the state should be acquired and which public recreation facilities should be...
• Section 324.1907a Project Status; Report; "Changes Significantly" Defined.
  (1) If within 2 years after a parcel of property that is approved for acquisition or development by the legislature has not been acquired...
• Section 324.1908 Adopting Decisions Of State Recreational Land Acquisition Trust Fund Board Of Trustees; Completion Of Projects; Validity And Expenditure Of Appropriations; Deposit And Appropriation Of Unexpended Funds; Appropriation Of Funds Available Under Former Law; Deposit Of Interest And Earnings On Unexpended Money.
  (1) Beginning on October 1, 1985, the board shall adopt as its own any decision made by the state recreational land acquisition trust fund...
• Section 324.1909, 324.1910 Repealed. 2010, Act 32, Eff. Oct. 1, 2010.
  Compiler's Notes: The repealed sections pertained to duties of state treasurer and transfer of writings or documents by department of natural resources and department of
• Section 324.1911 Local Public Recreation Facilities Fund.
  (1) The local public recreation facilities fund is created within the state treasury. (2) The state treasurer may receive money or other assets from...

Last modified: October 10, 2016