Bill Text: MI SJRO | 2017-2018 | 99th Legislature | Introduced
Bill Title: Constitutional amendments; state; Michigan natural resources trust fund and Michigan state parks endowment fund; modify allowable expenditures. Amends secs. 35 & 35a, art. IX of the state constitution.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2018-12-28 - Filed With Secretary Of State 12/27/2018 @ 1:20 Pm [SJRO Detail]
Download: Michigan-2017-SJRO-Introduced.html
SENATE JOINT RESOLUTION O
January 24, 2018, Introduced by Senator CASPERSON and referred to the Committee on Natural Resources.
A joint resolution proposing an amendment to the state
constitution of 1963, by amending sections 35 and 35a of article
IX, to provide for the use of certain revenues generated from
leases for the extraction of nonrenewable resources from state
owned lands and to modify the allowable expenditures from the
Michigan natural resources trust fund and the Michigan state parks
endowment fund.
Resolved by the Senate and House of Representatives of the
state of Michigan, That the following amendment to the state
constitution of 1963, to provide for the use of certain revenues
generated from leases for the extraction of nonrenewable resources
from state owned lands and to modify the allowable expenditures
from the Michigan natural resources trust fund and the Michigan
state parks endowment fund, is proposed, agreed to, and submitted
to the people of the state:
ARTICLE IX
Sec. 35. There is hereby established the Michigan natural
resources
trust fund. The Except as
otherwise provided in this
section, the trust fund shall consist of all bonuses, rentals,
delayed rentals, and royalties collected or reserved by the state
under provisions of leases for the extraction of nonrenewable
resources from state owned lands, except such revenues accruing
under leases of 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 trust fund may receive
appropriations, money, or other things of value. 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. However, until the trust fund reaches
an
accumulated principal of $500,000,000.00, in any state fiscal
year,
not more than 50 percent of the total 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
amount accumulated in the trust fund in any state fiscal
year
shall not exceed $500,000,000.00, exclusive of interest and
earnings
and amounts authorized for expenditure pursuant to this
section.
When the accumulated principal of the trust fund reaches
$500,000,000.00,
all revenue Until the
Michigan state parks
endowment fund reaches an accumulated principal of $800,000,000.00,
the revenues 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. When the
Michigan
state parks endowment fund reaches an accumulated
principal
of $800,000,000.00, all revenues from bonuses, rentals,
delayed
rentals, and royalties described in this section shall be
distributed
as provided by law.
The accumulated principal of the trust fund shall not be
expended. However, the interest and earnings of the trust fund
shall be expended for the following:
(a) The acquisition of land or rights in land for recreational
uses or protection of the land because of its environmental
importance
or its scenic beauty. , for the
(b) The development of public recreation facilities, and
for
the
including the renovation and
redevelopment of public recreation
facilities that have reached their projected depreciated life
expectancy.
(c) The administration of the trust fund, which may include
payments in lieu of taxes on state owned land purchased through the
trust fund.
The trust fund may provide grants to units of local government
or public authorities which shall be used for the purposes of this
section. The legislature shall provide that a portion of the cost
of
a project funded by such these
grants be provided by the local
unit of government or public authority.
Until
the trust fund reaches an accumulated principal of
$500,000,000.00,
the After the Michigan state
parks endowment fund
reaches an accumulated principal of $800,000,000.00, the
legislature may provide, in addition to the expenditure of interest
and earnings authorized by this section, that a portion, not to
exceed
33-1/3 50 percent, of the revenues from bonuses, rentals,
delayed rentals, and royalties described in this section received
by the trust fund during each state fiscal year may be expended
during subsequent state fiscal years for the purposes of this
section.
Not less than 25 percent of the total amounts made available
for expenditure from the trust fund from any state fiscal year
shall be expended for acquisition of land and rights in land and
not
more less than 25 percent of the total amounts made available
for expenditure from the trust fund from any state fiscal year
shall be expended for development of public recreation facilities.
The legislature shall provide by law for the establishment of
a trust fund board within the department of natural resources. The
trust fund board shall recommend the projects to be funded. The
board shall submit its recommendations to the governor who shall
submit the board's recommendations to the legislature in an
appropriations bill.
The legislature shall provide by law for the implementation of
this section.
Sec. 35a. There is hereby established the Michigan state parks
endowment fund. The endowment fund shall consist of revenues as
provided in section 35 of this article, and as provided by law. The
endowment fund may also receive private contributions of money or
other
things of value. All money in the Genevieve Gillette state
parks
endowment fund shall be transferred to the endowment fund.
The assets of the endowment fund shall be invested as provided by
law.
The accumulated principal of the endowment fund shall not
exceed $800,000,000.00, which amount shall be annually adjusted
pursuant to the rate of inflation beginning when the endowment fund
reaches $800,000,000.00. This annually adjusted figure is the
accumulated principal limit of the endowment fund.
Money available for expenditure from the endowment fund as
provided
in this section shall be expended for operations, the
following:
(a) Operations, maintenance, and capital improvements at
Michigan state parks and for the acquisition of land or rights in
land for Michigan state parks.
(b) Local public recreation projects including 1 or more of
the following:
(i) The development, redevelopment, and renovation of
motorized and nonmotorized trails and related infrastructure.
(ii) The control and prevention of aquatic invasive species.
(iii) The development, redevelopment, and renovation of local
public recreation facilities.
(c) The administration of the endowment fund.
The endowment fund may provide grants to units of local
government or public authorities for local public recreation
projects authorized by this section. However, not more than twenty-
five percent of the expenditures shall be expended for the control
and prevention of aquatic invasive species. 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.
Money in the endowment fund shall be expended as follows:
(1) Until the endowment fund reaches an accumulated principal
of
$800,000,000.00, each state fiscal year the legislature may
appropriate
not more than 50 percent of shall
allocate the money
received under section 35 of this article plus interest and
earnings and any private contributions or other revenue to the
endowment
fund .as
follows:
(a) Twenty-five percent shall be retained by the endowment
fund and credited to the accumulated principal of the endowment
fund.
(b) Not less than fifty percent shall be made available for
expenditure for operations, maintenance, and capital improvements
at Michigan state parks and the acquisition of land and rights in
land for Michigan state parks.
(c) Not less than twenty percent shall be made available for
expenditure for local public recreation projects authorized by this
section.
(2) Once the accumulated principal in the endowment fund
reaches $800,000,000.00, only the interest and earnings of the
endowment fund in excess of the amount necessary to maintain the
endowment fund's accumulated principal limit may be made available
for
expenditure. for the
following:
(a) Operations, maintenance, and capital improvements at
Michigan state parks.
(b) The administration of the endowment fund.
Unexpended appropriations of the endowment fund from any state
fiscal year as authorized by this section may be carried forward or
may be appropriated as determined by the legislature for purposes
of this section.
The Michigan natural resources trust fund board established
pursuant to section 35 of this article shall recommend the projects
to be funded by the endowment fund. The board shall submit its
recommendations to the governor, who shall submit the board's
recommendations to the legislature in an appropriations bill.
The legislature shall provide by law for implementation of
this section.
Resolved further, That the foregoing amendment shall be
submitted to the people of the state at the next general election
in the manner provided by law.
