Michigan Laws 324.72109 – Pure Michigan Trails fund
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 324.72109
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Department: means the department of natural resources. See Michigan Laws 324.72101
- 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 Pure Michigan Trails fund created in section 72109. See Michigan Laws 324.72101
- Pure Michigan Trail: means a trail designated as a "Pure Michigan Trail" under section 72103. See Michigan Laws 324.72101
- 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
- Trail: means a right-of-way adapted to foot, horseback, motorized, or other nonmotorized travel. See Michigan Laws 324.72101
(1) The Pure Michigan Trails fund is created within the state treasury.
(2) Except as otherwise provided by law, the state treasurer may receive money or other assets from any of the following for deposit into the fund:
(a) Payments to the state for easements, use permits, leases, or other use of state owned Pure Michigan Trail property.
(b) Payments to the state for concessions operated by private vendors on state owned property located on or adjacent to a Pure Michigan Trail.
(c) Federal funds.
(d) Gifts or bequests.
(e) State appropriations.
(f) Money or assets from other sources as provided by law.
(3) The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments.
(4) Money in the fund at the close of the fiscal year shall remain in the fund and shall not lapse to the general fund.
(5) Money in the fund may be expended for any of the following purposes:
(a) The expenses of the department in operating and maintaining the Pure Michigan Trail system and enforcing Pure Michigan Trail rules and regulations.
(b) Grants to or contracts with councils, nonprofit organizations, private sector entities, or governmental agencies to operate and maintain segments of Pure Michigan Trails and to enforce Pure Michigan Trail rules and regulations.
(c) Funding Pure Michigan Trail construction and improvements.
(d) Acquisition of land or rights in land.
(e) Publications and promotions of the Pure Michigan Trails system.
(6) The department shall submit a report to the legislature on or before December 1 of each year describing the use of money appropriated from the fund in the previous fiscal year.