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MI HB5667
Bill
Status
Introduced
3/4/2026
Primary Sponsor
Natalie Price
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AI Summary
- Extends the abandonment period for geologic pore space compensation from 3 years to 10 years before the property is presumed abandoned and transferred to the state treasury
- Amends Michigan's Uniform Unclaimed Property Act (1995 PA 29, MCL 567.223) to create a specific exception for compensation related to underground pore space used for carbon storage or similar purposes
- Pore space compensation refers to payments made under Part 653 of the Natural Resources and Environmental Protection Act (MCL 324.65301 to 324.65314)
- Part of a legislative package requiring passage of companion bills HB 5664, HB 5665, HB 5666, HB 5668, and HB 5669 to take effect
- Introduced March 4, 2026 by Representatives Price, Foreman, Grant, and Glanville and referred to the Committee on Energy
Legislative Description
Property: abandoned; compensation for use of geologic pore space; modify period for transfer to department of treasury. Amends sec. 3 of 1995 PA 29 (MCL 567.223). TIE BAR WITH: HB 5664'26, HB 5665'26, HB 5666'26, HB 5668'26, HB 5669'26
Environmental protection: air pollution
Last Action
Bill Electronically Reproduced 03/04/2026
3/5/2026
Committee Referrals
Energy3/4/2026
Full Bill Text
No bill text available