Mi. Const. art. IX, § 41
Mich. Const. art. IX, § 41
Length: 102 wordsOfficial source
Michigangameandfishprotectiontrustfund. Sec. 41. The Michigan game and fish protection trust fund is established. The Michigan game and fish protection trust fund shall consist of revenue derived from bonuses, rentals, delayedrentals,royalties,andotherrevenuescollectedorreservedbythestateunderleasesor directsalecontractsaccruingfromstateownedlandsacquiredwithmoneyfromstateorfederal gameandfishprotectionfundsorrevenuesaccruingfromlandspurchasedwithsuchrevenues. The Michigan game and fish protection trust fund may also receive gifts, grants, bequests, or assetsfromanysourceandmayreceiveotherrevenuesasauthorizedbylaw. TheassetsoftheMichigangameandfishprotectiontrustfundshallbeinvestedasprovided by law. The interest and earnings from these investments shall be credited to the Michigan gameandfishprotectiontrustfund. TheaccumulatedinterestandearningsoftheMichigangameandfishprotectiontrustfund and not more than $6,000,000.00 of the principal of the Michigan game and fish protection trust fund may be expended in any year for the purposes of the game and fish protection accountoftheMichiganconservationandrecreationlegacyfundestablishedinsection40. Thelegislatureshallprovidebylawfortheimplementationofthissection. History: Add.H.J.R.Z,approvedNov.7,2006,Eff.Dec.23,2006.