A bill to amend 1994 PA 451, entitled “Natural resources and environmental protection act,” by amending section 61524 (MCL 324.61524), as amended by 1998 PA 252.
The bill proposes a fee not exceeding 2% of the gross cash market value of the oil and gas produced, to be collected by the Department of Treasury. This fee is intended for the monitoring, surveillance, enforcement, and administration related to oil and gas production. The bill outlines the process for calculating the fee, including annual certifications by the Department of Technology, Management, and Budget, and the Department of Treasury, with provisions for adjusting the fee based on the fund balance and appropriations.
Co-sponsored by Sens.
Referred to the Committee on Natural Resources and Agriculture
