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Oil & Gas Royalties for Parks - or Roads?

Oil & Gas Royalties for Parks - or Roads?

Royalties from oil and gas development in Michigan currently go into the Natural Resources Trust Fund. That money is then used to buy land for parks, habitat, and create public access for recreation. (Photo by Rebecca Williams)

Host: Rebecca Williams
Show date: 02/03/2011

Summary:
At the moment, oil and gas royalties in Michigan go into a trust fund for conservation. But that could change...

This is the Environment Report. Iím Rebecca Williams.

You might remember Governor Rick Snyder talking about something called the Natural Resources Trust Fund. Here he was in his State of the State address a couple weeks ago:

ďI urge the prompt passage of a capital outlay bill that implements the recommendations of the Natural Resources Trust Fund.Ē

That trust fund has been around since 1976. It works like this: royalties from oil and gas development in Michigan go into the Natural Resources Trust Fund... and that money is used for improving wildlife habitat and parks, and itís used to buy land for conservation. This year, more than $100 million is available for these projects.

But at a time when pretty much everythingís up on the chopping block... the future of that trust fund is in question.



More about the Natural Resources Trust Fund

An article in the Grand Rapids Press


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