SB 0140
Natural resources: gas and oil; fee for monitoring, administration, and enforcement; increase. Amends sec. 61524 of 1994 PA 451 (MCL 324.61524).
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- Passed Senate
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- To Governor
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Bill overview
This bill increases the fee charged on oil and gas production in Michigan to fund monitoring, administration, and enforcement activities related to natural resources. The fee, currently capped at 2%, is adjusted annually based on the state’s fund balance and projected oil and gas production value. The goal is to ensure sufficient funds are available for these regulatory functions. The fee will be calculated based on a formula that considers the fund balance and projected production value, with a minimum of 1% and a maximum of 2%.
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