Correspondence among

Could we loan Flint money from the escheats fund with some repayment mechanism and use that money to accelerate the final KWA connection? xxxEND_PAGE:treasury01_b35_5648_6098_046 RECREATION RELATED ‘ “GHIGAN CONSERVATION AND RECREATION LEGACY FIND fs fund (Legacy Fund") was created by Article 9, Section 40, of cae $tate Constitution, an amendment approved by voters im o> Eatgvember 2005. The purpose cf the amendment was to £ ggtttionally prevent the diversion of certain funds and revenues A ig purposes other than those for which they were created Section fog gemated the following accounts within the Legacy Fund: Forast ; yceation, Game and Fish Protection, Off-Road Vehicle, wp emp EE ation!’ Improvement, Snowmobile, State Patk Improvement, ~ td Watervrays. ‘sf Implementing legislation related to tms amendment, found in tszfions 2242002 - 324 2035 of the Michigan Complled Laws, tered a number of special revenue funds and certain @ticively financed actrvities within the General Fund to the ‘ Fund. The following special revenue funds were transferred tg the fund. Game and Fish Protection Fund, Michigan State . maerways Fund, Marine Safety Fund, and State Park improvement ‘ty. The restrictively financed activitles transferred into the fund tot the General Fund were related to various outdoor recreation tefvitlas Including snowmobiles, off-road vehicles, recreation tratls, at State forest recreation, Francing consists primarily of hunting and fishing licenses, camping iad/park entrance fees; 2% of gasoline taxes dedicated for boating, goymobiling, off-road vehicles and other trails, watercraft and sgwmobile registratian fees; and trail use permits The fund also " aalres funding from the Michigan Game and Fish Protection Trust | fad. Expenditures are limited to those activities specified In Satin 40 and inclide forest recreation activities, wildlife and Sherles programs, off-road vehicle and snowmobile trails and ‘Sailfes, State parks and recreation areas, improvement of lake +stors and inland waterways, and water safety education “s a; ‘NCHIGAN GAME AND FISH PROTECTION TRUST FUND Te former Game and Fish Protection Trust Fund was established 21986 to restrict certain assets for the purpose of generating ~“ Szest and earings for transfer to the former Game and Fish “ection Fund (now accounted for within the Michigan starvation and Recreation Legacy Fund). Article 9, Section 41, sig ah Slate Constitution, an amendment approved by voters in Pod ember 2006, further protected these assets by creating the ss, , “tigan Game and Fish Protection Trust Fund, -pelind operates under Sections 324,43702 — 324 43704 of the . ‘ttigan Compited Laws The Legislature may appropriate up to $6 ‘ 5clh annually for use by the Game and Fish Protection Account of - “eMfchigan Conservation and Recreation Legacy Fund. Mineral Sau from lands acquired by the Game and Fish Protection I direct sate proceeds, and other revenues, which, by ‘al? ate retained for permanent investment, provide additional “8slment funding. Michigan §PECIAL REVENUE FUNDS — CONSERVATION, ENVIRONMENT, AND MICHIGAN NONGAME FISH AND WILDLIFE TRUST FUND The former Michigan Nongame Fish and Wildlife Fund was established in 1983 to finance research and management of nongame fish and wildlife, designated endangered species, and designated plant species of this State. Article 9, Section 42, of the State Constitution, an amendment approved by voters in November 2006, further protected these assets by creating the Michigan Nongame Fish and Wildlife Trust Fund. The fund operates under Sections 324.49902 ~ 324.43907 of the Michigan Complied Laws. The fund may receive transfers from other funds, donations, investment Income, and revenue from specialty license plate sales FOREST DEVELOPMENT FUND This fund was established in 1993, along with the Michigan Forest Finance Authority, and operates under Michigan Compiled Laws Saction 324.50507. The pnmary revenue source of the fund Is timber revenue from State forest lands, Expenditures from the fund are for forest management activites and forest fire peotection. The Authority is authorized to, but thus far has not, Issued bonds. ¢ BOTTLE DEPOSITS FUND Michigan Compiled Laws (MCL) Sectlon 445,573c created the Bottle Deposits Fund to provide for the disposition of unredeemed bottle deposits The Department of Treasury and the Department of Environmental Quality (DEQ) jointly administer the fund. The law mandates that an annual distribution of the funds be made as Laci 25% retumed to the dealers and 75% to fund several sub- ids. The 75% distribution to DEQ is Initlally deposited into the Cleanup and Redevelopment Trust Sub-Fund (CRTF), and if not further distributed, remains there until the principal amount reaches $200 Milton. Of funds received annually by the CRTF, 80% is allocated to the Cleanup and Redevelopment Sub-Fund (CRF) and 10% to the Community Pollution Prevention Sub-Fund MCL Section 324 20108 moved the former Environmental Response Fund (ERF) to a sub-fund of the CRF. The law mandates that proceeds of all cost recovery actlons taken and settlements entered into pursuant to the ERF (excluding natural resource damages) by DEQ or the Attorney General, or both, shall be credited to the ERF, Several DEQ sub-funds are administratively housed within the Bottle Deposits Fund, although they receive no bottle deposits revenue. Included is the State Sites Cleanup Sub-Fund, established in accordance with MCL Section 324 20108c to provide for responsa activities at facilities where the State |s liable as an ovmer or operator. The follawing loan programs administered by DEQ are also included. the Brownfield Revolving Loan Fund created by MCL. Section 324.19608a, the Revitalization Revolving Loan Fund created by MCL Section 324.20108a, and tha Federal Brownfield Cleanup and Revolving Lean Fund 2014 Comprehensive Annual Financial Report > 145 xxxEND_PAGE:treasury01_b35_5648_6098_047 Michigan EXPENDITURES, AND CHANGES iN FUND BALANCES ON, ENVIRONMENT, AND RECREATION RELATED 4 , ' MICHIGAN MICHIGAN CONSERVATION GAME AND CGN, AND RECREATION FISH FISH AND FOREST BOTTLE LEGACY PROTECTION WILDLIFE DEVELOPMENT DEPOSITS FUND! TRUSTFUND). TRUST FUND FUND _ FUND REVENUES Taxes $ 223, $ = $ - ¢§ - $ -