Michigan § 211.78n - Land reutilization fund.
Full text of Michigan Michigan Compiled Laws § 211.78n — Land reutilization fund., with citation guidance and answers to common questions.
§ 211.78n. Land reutilization fund.
(1) The land reutilization fund is created within the department of treasury.
(2) The state treasurer may receive money or other assets from any source for deposit into the fund, including a transfer of funds from the delinquent property tax administration fund as provided in subsection (5). The state treasurer shall direct the investment of 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 must remain in the fund and must not lapse to the general fund.
(4) Subject to subsection (6), the department of treasury may expend money from the fund for 1 or more of the following purposes:
(a) Contracts with title insurance companies under section 78i.
(b) Costs of determining addresses, service of notices, and recording fees incurred under section 78i.
(c) Defense of title actions as determined by the state treasurer.
(d) Other costs incurred in administering the foreclosure and disposition of property forfeited for delinquent taxes under this act.
(5) The state treasurer may transfer to the fund any balance remaining in the delinquent property tax administration fund of this state created in section 59.
(6) For the fiscal year ending September 30, 2020 only, $9,150,000.00 of the money in the fund is transferred to and must be deposited into the general fund.
(7) As used in this section, "fund" means the land reutilization fund created in this section.
Frequently Asked Questions About Michigan § 211.78n
What does Michigan Compiled Laws § 211.78n cover?
Section 211.78n ("Land reutilization fund.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 211.78n?
A common citation format is "Michigan Compiled Laws § 211.78n" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 211.78n apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.