Michigan Compiled Laws
451-1994-III-2-4-THE-TIMBER-INDUSTRY-501-6 - Subpart 6 Cost-Sharing and Loans for Forest Practices (324.50145...324.50155)
Section 324.50151 - Cost-Share Payments, Loans, or Annual Incentive Payments; Refund; Interest; Payments as Lien on Forest Land; Filing Lien; Legal Action.

Sec. 50151.
(1) All cost-share payments, loans, or annual incentive payments advanced to a member under this subpart shall be refunded to the district if either of the following applies:
(a) The member files an application for rezoning pursuant to local zoning laws permitting use of the land in a manner incompatible with timber production within 10 years after the date an agreement covering the land was signed under section 50148.
(b) The board finds that a member has not complied with the forest management plan required under section 50148.
(2) The refund shall bear interest from the date of occurrence of an activity described in subsection (1) until repayment, at the average annual rate being earned by the state on money deposited in the investment account of the general fund of this state.
(3) If the member fails to refund the payments or loans within 30 days after written demand by the district, the amount of the payments, together with interest due, shall become a lien upon the forest land upon which the forest practices were conducted as of the date of the event specified in subsection (1). The board shall file the lien in the office of the register of deeds in each county in which the forest land is located. The district may request the prosecuting attorney of a county in which a lien is filed to bring legal action on behalf of the district to recover the debt.
History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA

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