Mich. Comp. Laws § 324.52710

Current through Public Act 149 of the 2024 Legislative Session
Section 324.52710 - Special forestry fund; creation; payments in lieu of property taxes

Any income from forest land shall be paid into the general fund of the municipality and may be set up in a special forestry fund by the municipality. A forestry commission and the townships and school districts in which its municipal forest lies by agreement shall determine a formula under which the forestry commission shall make payments to the townships and school districts in lieu of general property taxes which would otherwise be levied against the land and forests comprising the municipal forest.

MCL 324.52710

Add. 1995, Act 57, Imd. Eff. 5/24/1995 .