Michigan Laws 324.30113 – Land and water management permit fee fund
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 324.30113
- 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
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Department: means the department of environmental quality. See Michigan Laws 324.30101
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fund: means the land and water management permit fee fund created in section 30113. See Michigan Laws 324.30101
- 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
(1) The land and water management permit fee 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. The state treasurer shall annually present to the department an accounting of the amount of money in the fund. The department shall be the administrator of the fund for auditing purposes.
(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 shall expend money from the fund, upon appropriation, only to implement this part and the following:
(a) Sections 3104, 3107, and 3108.
(b) Part 303.
(c) Part 315.
(d) Part 323.
(e) Part 325.
(f) Part 339.
(g) Part 353.
(h) Section 117 of the land division act, 1967 PA 288, MCL 560.117.
(5) The department shall annually report to the legislature how money in the fund was expended during the previous fiscal year.