Michigan Compiled Laws

Mich. Comp. Laws § 324.19506 (2026)

Environmental protection bond fund; creation; composition; restricted subaccounts.

✓ current as of July 2026

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NATURAL RESOURCES AND ENVIRONMENTAL PROTECTION ACT

Act 451 of 1994

324.19506 Environmental protection bond fund; creation; composition; restricted subaccounts.

Sec. 19506.

(1) The environmental protection bond fund is created in the state treasury.

(2) The fund shall consist of all of the following:

(a) The proceeds of sales of general obligation bonds issued pursuant to former Act No. 326 of the Public Acts of 1988 or part 193 and any premium and accrued interest received on the delivery of the bonds.

(b) Any interest or earnings generated by the proceeds described in subdivision (a).

(d) Any federal funds received.

(3) The department of treasury may establish restricted subaccounts within the fund as necessary to administer the fund.

History: Add. 1995, Act 60, Imd. Eff. May 24, 1995

PopularName Notes:

Act 451

PopularName Notes:

NREPA

Notes of Decisions

Cited in 1 case, 2008–2008 · leading case: Dep't of Env't Quality v. Waterous Co, 760 N.W.2d 856 (Mich. Ct. App. 2008).

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Dep't of Env't Quality v. Waterous Co, 760 N.W.2d 856 (Mich. Ct. App. 2008). “1 MCL 324.19506 et seq. 2 See MCL 324.20120a(1)(a) and (17).”

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