Michigan Laws 324.2035 – Waterways account
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Michigan Laws 324.2035
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Legacy: A gift of property made by will.
- Recreation improvement account: means the recreation improvement account of the legacy fund provided for in section 2020. See Michigan Laws 324.2001
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
- Waterways account: means the waterways account of the legacy fund provided for in section 2035. See Michigan Laws 324.2001
(1) The waterways account is established as an account within the legacy fund.
(2) The waterways account shall consist of both of the following:
(a) All money in the Michigan state waterways fund, formerly created in section 78110, the Michigan harbor development fund, formerly created in section 78110, and the marine safety fund, formerly created in section 80115, immediately prior to the effective date of the amendatory act that added this section, which money is hereby transferred to the waterways account.
(b) Revenue from the following sources:
(i) All revenue generated from watercraft registration fees assessed on the ownership or operation of watercraft in the state, of which not less than 49% shall be provided for law enforcement and education.
(ii) All revenues derived from fees charged for the moorage of watercraft at state-operated mooring facilities.
(iii) All revenues derived from fees charged for the use of state-operated public access sites.
(iv) Transfers from the recreation improvement account.
(v) All tax revenue derived from the sale of diesel fuel in this state that is used to generate power for the operation or propulsion of vessels on the waterways of this state.
(vi) Other revenues as authorized by law.
(3) Money in the waterways account shall be expended, upon appropriation, only as provided in parts 445, 781, 791, and 801 and for the administration of the waterways account, which may include payments in lieu of taxes on state owned lands purchased through the waterways account or through the former Michigan state waterways fund.