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, delayed rentals, royalties, and other revenues collected or reserved by the state under leases or direct sale contracts accruing from state owned lands acquired with money from state or federal game and fish protection funds or revenues accruing from lands purchased with such revenues. The Michigan game and fish protection trust fund may also receive gifts, grants, bequests, or assets from any source and may receive other revenues as authorized by law.
The assets of the Michigan game and fish protection trust fund shall be invested as provided by law. The interest and earnings from these investments shall be credited to the Michigan game and fish protection trust fund.
The accumulated interest and earnings of the Michigan game and fish protection trust fund 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 account of the Michigan conservation and recreation legacy fund established in section 40.
The legislature shall provide by law for the implementation of this section.
History: Add. H.J.R. Z, approved Nov. 7, 2006, Eff. Dec. 23, 2006
Structure Michigan Compiled Laws
Chapter 1 - Constitution of The State of Michigan of 1963
CONSTITUTION OF MICHIGAN OF 1963 - State Constitution (Article I § 1 - § 0)
Article IX - Finance and Taxation (Article IX § 1...§ 42)
Article IX § 1 Taxes for State Expenses.
Article IX § 2 Power of Taxation, Relinquishment.
Article IX § 4 Exemption of Religious or Educational Nonprofit Organizations.
Article IX § 5 Assessment of Property of Public Service Businesses.
Article IX § 8 Sales and Use Taxes.
Article IX § 10 Sales Tax; Distribution to Local Governments.
Article IX § 11 State School Aid Fund; Source; Distribution; Guarantee to Local School District.
Article IX § 12 Evidence of State Indebtedness.
Article IX § 13 Public Bodies, Borrowing Power.
Article IX § 14 State Borrowing; Short Term.
Article IX § 15 Long Term Borrowing by State.
Article IX § 16 State Loans to School Districts.
Article IX § 17 Payments From State Treasury.
Article IX § 19 Subscription to or Interest in Stock by State Prohibited; Exceptions.
Article IX § 20 Deposit of State Money in Certain Financial Institutions; Requirements.
Article IX § 21 Accounting for Public Moneys.
Article IX § 22 Examination and Adjustment of Claims Against State.
Article IX § 23 Financial Records; Statement of Revenues and Expenditures.
Article IX § 24 Public Pension Plans and Retirement Systems, Obligation.
Article IX § 27 Exceeding Revenue Limit; Conditions.
Article IX § 28 Limitation on Expenses of State Government.
Article IX § 29 State Financing of Activities or Services Required of Local Government by State Law.
Article IX § 30 Reduction of State Spending Paid to Units of Local Government.
Article IX § 32 Suit to Enforce Sections 25 to 31.
Article IX § 33 Definitions Applicable to Sections 25 to 32.
Article IX § 34 Implementation of Sections 25 to 33.
Article IX § 35 Michigan Natural Resources Trust Fund.
Article IX § 35a Michigan State Parks Endowment Fund.
Article IX § 36 Tax on Tobacco Products; Dedication of Proceeds.
Article IX § 37 Michigan Veterans' Trust Fund.
Article IX § 38 Michigan Veterans' Trust Fund Board of Trustees; Establishment.
Article IX § 39 Michigan Veterans' Trust Fund Board of Trustees; Administration of Trust Fund.
Article IX § 40 Michigan Conservation and Recreation Legacy Fund.
Article IX § 41 Michigan Game and Fish Protection Trust Fund.
Article IX § 42 Michigan Nongame Fish and Wildlife Trust Fund.