MI SB1169

Increases annual administrative cost limit for the agricultural preservation fund from $1,400,000 to $2,100,000, subject to indexing adjustments.

Requires the state treasurer to adjust the administrative cost limit annually starting in fiscal year 2025-2026 based on the Detroit-Warren-Dearborn Consumer Price Index, rounded to the nearest $1,000.

Modifies language regarding fund administration, specifying the department "is" (rather than "shall be") the administrator for audits of the fund.

Changes fund expenditure language from "used" to "expended" for consistency in describing grants to local units of government and agricultural conservation easement purchases.

Clarifies the $5,000,000 threshold for conservation easement funding applies only after administrative and local grant expenditures have been made.