December 3, 2003, Introduced by Rep. Drolet and referred to the Committee on Regulatory Reform.
A bill to amend 2002 PA 440, entitled
"An act to authorize the state administrative board to convey
certain state owned property in Macomb county; to prescribe
conditions for the conveyance; and to provide for disposition of
the revenue from the conveyance,"
by amending section 6.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 6. (1) The conveyance authorized under this act shall
2 provide that the Macomb-Oakland regional center, inc., shall not
3 sell the property conveyed to it under this act for at least 1
4 year after the date on which the property was conveyed to it by
5 the state and that, if the property is subsequently sold by the
6 Macomb-Oakland regional center for any purpose other than the
7 provision of community-based human services, the state is
8 entitled to 50% of the net profit from the sale.
9 (2) The state shall not reserve the mineral rights to the
10 property conveyed under this act. However, the conveyance
1 authorized under this act shall provide that if the purchaser or
2 any grantee develops any minerals found on, within, or under the
3 conveyed property, the purchaser or any grantee shall pay 1/2 of
4 that revenue to the state, for deposit in the state general
5 fund.