MI HB5324

Establishes a subaccount within the state park improvement account to receive interest and earnings from account investments.

Designates money in the subaccount exclusively for capital improvements and maintenance of state parks and recreation areas.

Caps annual appropriations from the subaccount at $50,000,000 per state fiscal year.

Simplifies the funding sources for the state park improvement account by removing references to transferred funds and consolidating revenue sources including concessions, leases, permits, damages from illegal activities, and other authorized revenues.

Clarifies that money in the state park improvement account may be expended for administration, grants to state colleges and universities for funded programs, and purposes specified in related statutes.