{"data":{"id":"us-mi/mich.-comp.-laws-324.32610","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 324.32610","heading":"Submerged log recovery fund.","body":"Sec. 32610.\n\nThe submerged log recovery fund is created within the state treasury.\n\nThe 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.\n\nMoney in the fund at the close of the fiscal year shall remain in the fund and shall not lapse to the general fund.\n\nSubject to subsection (5), money from the fund shall be used, upon appropriation, for the administrative costs of the department, the department of natural resources, and the department of state in implementing this part.\n\nOn December 1, 2001 and on December 1 of each following year, the state treasurer shall transfer the balance of the fund as follows:\n\nFifty percent to the Great Lakes fund created in section 32611.\n\nFifty percent to the forest development fund established under section 50507.","path":["MI Code","Chapter 324","Act Act-451-of-1994"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-324-32610","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"dfceedd9826fe9b98a707e7db2e91c966490bac51c6093a3c4118e9a33de2bcf","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-324.32609","next":"us-mi/mich.-comp.-laws-324.32611"},"notice":"GroundRules: Original legal text. Not legal advice."}