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What is the Michigan Natural Resources Trust Fund (MNRTF)?

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What is the Michigan Natural Resources Trust Fund (MNRTF)?

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The Michigan Natural Resources Trust Fund (MNRTF) began as the “Kammer Recreational Land Trust Fund Act of 1976” via P.A. 204 of 1976. Act 204 created the Michigan Land Trust Fund (MLTF) program to provide a source of funding for the public acquisition of lands for resource protection and public outdoor recreation. Funding was derived from royalties on the sale and lease of State-owned mineral rights. On November 6, 1984, Michigan residents voted in favor of Proposal B, which amended the State Constitution and created the MNRTF. The constitutional amendment required that oil, gas, and other mineral lease and royalty payments be placed into the Trust Fund, with proceeds used to both acquire and develop public recreation lands. To implement the constitutional amendment, the Legislature passed the Michigan Natural Resources Trust Fund Act of 1985 (P.A. 101 of 1985, Act 101). This act stipulated that in any one fiscal year, up to a third of all mineral lease revenues plus the interest and

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