SB 609

substitute for
Senate BILL NO. 609
A bill to amend 2020 PA 220, entitled
"Industrial hemp growers act,"
by amending section 107 (MCL 333.29107).
the peoplE of the state of michigan enact:
Sec. 107. (1) The industrial hemp fund is created
within the state treasury.
(2) The Subject to subsection
(6), the state treasurer may receive the fees collected under section
511 for deposit into the fund. The state treasurer may also receive money or
other assets from any other source for deposit into the fund. The state
treasurer shall credit to the fund interest and earnings from fund investments.
(3) Money in the
fund at the close of the fiscal year remains in the fund and does not lapse to
the general fund.
(4) The department
is the administrator of the fund for auditing purposes.
(5) The department
shall expend money from the fund to establish, operate, and enforce the
program.
(6) On October 1, 2027, the industrial hemp fund is abolished and any
unencumbered balance in the industrial hemp fund at that time must be
transferred to the agriculture licensing and inspection fees fund created in
section 9 of the insect pest and plant disease act, 1931 PA 189, MCL 286.209.
(7) Any information submitted by a former applicant or participant in
the program to the department is exempt from disclosure under the freedom of
information act, 1976 PA 442, MCL 15.231 to 15.246. This subsection does not
apply to the disclosure of personal information to a law enforcement agency.
Enacting section 1. This amendatory act takes effect
February 1, 2027.