Michigan Laws 333.27602 – Medical marihuana excise fund
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Terms Used In Michigan Laws 333.27602
- 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
- Department: means the department of licensing and regulatory affairs. See Michigan Laws 333.27102
- 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.
- Marihuana: means that term as defined in section 3 of the Michigan Regulation and Taxation of Marihuana Act, 2018 IL 1, MCL 333. See Michigan Laws 333.27102
- Marihuana facility: means a location at which a licensee is licensed to operate under this act. See Michigan Laws 333.27102
- Municipality: means a city, township, or village. See Michigan Laws 333.27102
- 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 medical marihuana excise fund is created in the state treasury.
(2) Except for the application fee under section 401, the regulatory assessment under section 603, and any local fees, all money collected under section 601 and all other fees, fines, and charges, imposed under this act must be deposited in the medical marihuana excise 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.
(3) Money in the medical marihuana excise fund at the close of the fiscal year remains in the fund and does not lapse to the general fund.
(4) The state treasurer is the administrator of the medical marihuana excise fund for auditing purposes.
(5) The money in the medical marihuana excise fund must be allocated, upon appropriation, as follows:
(a) 25% to municipalities in which a marihuana facility is located, allocated in proportion to the number of marihuana facilities within the municipality.
(b) 30% to counties in which a marihuana facility is located, allocated in proportion to the number of marihuana facilities within the county.
(c) 5% to counties in which a marihuana facility is located, allocated in proportion to the number of marihuana facilities within the county. Money allocated under this subdivision must be used exclusively to support the county sheriffs and must be in addition to and not in replacement of any other funding received by the county sheriffs.
(d) 30% to this state for the following:
(i) Until September 30, 2017, for deposit in the general fund of the state treasury.
(ii) Beginning October 1, 2017, for deposit in the first responder presumed coverage fund created in section 405 of the worker’s disability compensation act of 1969, 1969 PA 317, MCL 418.405.
(e) 5% to the Michigan commission on law enforcement standards for training local law enforcement officers.
(f) 5% to the department of state police.