Michigan Compiled Laws
451-1994-III-3-2-616 - Part 616 Orphan Well Fund (324.61601...324.61607)
Section 324.61602 - Orphan Well Fund; Creation; Disposition of Assets.

Sec. 61602.
(1) The orphan well 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.
History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA

Structure Michigan Compiled Laws