The bill amends section 36202 of the 1994 PA 451, which focuses on the protection of Michigan's environment and natural resources. It establishes the agricultural preservation fund within the state treasury, allowing the state treasurer to receive various forms of funding, including federal funds, state revenues, and donations. The bill outlines that the fund's money will not lapse to the general fund at the end of the fiscal year and specifies that the department will administer the fund for auditing purposes.

Expenditures from the fund are capped at $1,700,000 annually for administrative costs, with remaining funds available for grants to local governments and for purchasing development rights to farmland or agricultural conservation easements if the fund exceeds $5,000,000. The bill emphasizes that these expenditures align with the state's interest in preserving farmland and serve an important public purpose. Additionally, the enactment of this bill is contingent upon the passage of several other specified bills from the 103rd Legislature.

Statutes affected:
Substitute (S-1): 324.36202
Senate Introduced Bill: 324.36202
As Passed by the Senate: 324.36202
As Passed by the House: 324.36202
Public Act: 324.36202
Senate Enrolled Bill: 324.36202