HB-4614, As Passed Senate, July 18, 2007
SENATE SUBSTITUTE FOR
HOUSE BILL NO. 4614
A bill to amend 1994 PA 451, entitled
"Natural resources and environmental protection act,"
(MCL 324.101 to 324.90106) by adding section 40107d.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 40107d. (1) The cormorant control 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.
(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 be the administrator of the fund for
auditing purposes.
(5) The department shall expend money from the fund, upon
appropriation, only to implement section 40107c.
Enacting section 1. This amendatory act does not take effect
unless both of the following bills of the 94th Legislature are
enacted into law:
(a) Senate Bill No. 354.
(b) House Bill No. 4471.