Section 29.475 - Hazardous materials transportation permit fund; creation in state treasury; investment; disposition; reversion; expenditure and use of funds.
HAZARDOUS MATERIALS TRANSPORTATION ACT (EXCERPT)
Act 138 of 1998
29.475 Hazardous materials transportation permit fund; creation in state treasury; investment; disposition; reversion; expenditure and use of funds.
Sec. 5.
(1) The hazardous materials transportation permit fund is created in the state treasury.
(2) The state treasurer shall direct the investment of the fund. The state treasurer may receive money or other assets from any source for deposit into the fund. The state treasurer shall credit to the fund interest and earnings from investment. Money remaining in the fund at the close of the fiscal year shall remain in the fund and shall not revert into the general fund.
(3) The registration and permit fees collected under this act shall be deposited into the fund.
(4) The department shall expend money from the fund, upon appropriation, for the implementation of this act. In addition, funds not expended for the implementation of this act may be utilized for emergency response, training, and other activities related to hazardous materials transportation safety that are initiated by the department.
History: 1998, Act 138, Eff. Sept. 1, 1998