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MI HB6067
Bill
Status
5/3/2022
Primary Sponsor
Scott VanSingel
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AI Summary
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Adds authority for the Michigan Department of Natural Resources to sell carbon credits or ecological services from state forest and other state-owned lands under specified conditions.
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Requires carbon credits or ecological services to be verified by a third party before sale.
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Mandates that sale of carbon credits or ecological services cannot prevent or restrict continued land management according to the department's existing land management plans or strategies.
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Directs proceeds from carbon credit and ecological service sales to be deposited into the forest development fund established in section 50507, unless otherwise provided by law.
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Renumbers existing subsections (4) and (5) to (5) and (6) respectively to accommodate the new carbon credits provision.
Legislative Description
Environmental protection: air pollution; distribution of revenue for carbon credits; modify. Amends sec. 502 of 1994 PA 451 (MCL 324.502).
State agencies (existing): natural resources
Last Action
Bill Electronically Reproduced 05/03/2022
5/4/2022