Michigan state parks endowment fund definition

Michigan state parks endowment fund means the Michigan state parks endowment fund established in section 35a of article IX of the state constitution of 1963 and provided for in section 74119.
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Michigan state parks endowment fund means the Michigan
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Examples of Michigan state parks endowment fund in a sentence

  • The legislature shall provide that a portion of the cost of a project funded by these grants be provided by the local unit of government or public authority.(4) After the Michigan state parks endowment fund reaches an accumulated principal of $800,000,000.00, the accumulated principal limit for the trust fund as provided for in subsection (2) no longer applies and the revenues from bonuses, rentals, delayed rentals, and royalties described in subsection (1) shall be deposited into the trust fund.

  • The Michigan state parks endowment fund may be referred to as the Genevieve Gillette state parks endowment fund.(2) The state treasurer may receive money or other assets from any source for deposit into the endowment fund.

  • Any other purpose the legislature may provide by law which provides employment opportunities counter to the state's economic cycle.(3) Notwithstanding subsections (1) and (2), there is hereby appropriated $40,000,000.00 from the fund for the Michigan state parks endowment fund.

  • There is hereby established the Michigan state parks endowment fund.

  • The present studies were designed to further explore (1) the effects of chronic cocaine exposure and abstinence on cognition- related behavior and (2) the role of glutamatergic mechanisms in ameliorating CUD.

  • The impact of the state park revenue stream described in subdivisions (a), (b), and (d) on the Michigan state parks endowment fund created in section 35a of article IX of the state constitution of 1963 and provided for in section 74119.

  • The assets of the trust fund shall be invested as provided by law.Until the trust fund reaches an accumulated principal of $500,000,000.00, $10,000,000.00 of the revenues from bonuses, rentals, delayed rentals, and royalties described in this section otherwise dedicated to the trust fund that are received by the state each state fiscal year shall be deposited into the Michigan state parks endowment fund.

  • The assets of the trust fund shall be invested as provided by law.(2) Until the Michigan state parks endowment fund reaches an accumulated principal of $800,000,000.00, the amount accumulated in the trust fund in any state fiscal year shall not exceed $500,000,000.00, exclusive of interest and earnings and money authorized for expenditure pursuant to this section.

  • When the accumulated principal of the trust fund reaches $500,000,000.00, all revenue from bonuses, rentals, delayed rentals, and royalties described in this section that would be received by the trust fund but for this limitation shall be deposited into the Michigan state parks endowment fund until the Michigan state parks endowment fund reaches an accumulated principal of $800,000,000.00.

  • The impact of the state park revenue stream described in subdivisions (a) and (b) on the Michigan state parks endowment fund created in section 35a of article IX of the state constitution of 1963 and provided for in section 74119.

Related to Michigan state parks endowment fund

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