FY 2013-14 MNRTF BOARD RECOMMENDATIONS S.B. 780:
SUMMARY AS ENACTED
Senate Bill 780 (as enacted) PUBLIC ACT 114 of 2014
Sponsor: Senator Darwin L. Booher
Committee: Appropriations
Date Completed: 4-14-14
CONTENT
Michigan Natural Resources Trust Fund. On December 4, 2013, the Michigan Natural Resources Trust Fund (MNRTF) Board adopted FY 2013-14 recommendations for acquisition and development projects pursuant to Article IX, Section 35 of the Michigan Constitution and the Natural Resources and Environmental Protection Act. The recommendations include a $27.6 million appropriation from the MNRTF for 32 acquisition projects ($19.0 million) and 44 development projects ($8.6 million). Matching funds of $18.9 million result in total project costs of $46.5 million. An appropriation bill is necessary to authorize the spending recommended by the MNRTF Board. The attached information provides details on projects recommended, including a description of the project, location and cost.
The MNRTF was capitalized through deposits of 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 land, except such revenue accruing under leases of State-owned land acquired with money from the State or Federal Game and Fish Protection Fund. Pursuant to the Michigan Constitution, annual expenditures consisted of MNRTF interest and earnings, and 33⅓% of MNRTF revenue received by the State during the previous fiscal year, until the corpus of the MNRTF reached $500 million. The MNRTF reached $500 million in 2011, thereby limiting subsequent annual expenditures to interest and investment earnings, and funding carried forward from previous years.
The Michigan Constitution provides that 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 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.
Boilerplate
Sec. 301. Provides criteria for agreements with local units of government for administration of MNRTF grants.
Sec. 302. Provides for work project status of grants. Requires funds to be carried forward consistent with Section 248 of the Management and Budget Act.
Sec. 303. Authorizes lapse of funds remaining from Trust Fund projects that have been completed or terminated pursuant to provisions of the Management and Budget Act.
Sec. 304d. The House added language that would limit conditions on land that arise from the source of funds used to purchase the land, to its proportional share of the total cost. Provides criteria for determining which portion of the land the conditions would apply.
FISCAL IMPACT
The bill would appropriate $27,677,800 from the MNRTF for 32 acquisition projects and 44 development projects. Matching funds of $18,876,500 result in total project costs of $46,554,300.
|
FY 2013-14 Michigan Natural Resources Trust Fund (MNRTF) |
||||
|
Projects |
Number of Projects |
Trust Fund |
Match |
Total Cost |
|
Acquisition Projects |
|
|
|
|
|
State owned |
9 |
$9,850,000 |
$0 |
$9,850,000 |
|
Local Government |
23 |
9,183,200 |
3,290,300 |
12,473,500 |
|
Subtotal Acquisition Projects |
32 |
$19,033,200 |
$3,290,300 |
$22,323,500 |
|
|
|
|
|
|
|
Development Projects |
|
|
|
|
|
State owned |
5 |
$1,477,000 |
$6,040,400 |
$7,517,400 |
|
Local Government |
39 |
7,167,600 |
9,545,800 |
16,713,400 |
|
Subtotal Development Projects |
44 |
$8,644,600 |
$15,586,200 |
$24,230,800 |
|
|
|
|
|
|
|
TOTAL |
76 |
$27,677,800 |
$18,876,500 |
$46,554,300 |
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.