Modifies the administration of the industrial hemp program in Michigan, including fund management and transfer of remaining funds.

This bill amends the administration of the industrial hemp program in Michigan by creating the industrial hemp fund within the state treasury. It specifies that the state treasurer can deposit fees and other assets into this fund. The fund's balance remains in it and does not transfer to the general fund. The Department of Agriculture and Rural Development is the administrator of the fund for auditing purposes and must use the fund's money to establish, operate, and enforce the industrial hemp program.

Modifies the administration of the industrial hemp program in Michigan, including fund management and transfer of remaining funds.

This bill amends the administration of the industrial hemp program in Michigan by creating the industrial hemp fund within the state treasury. It specifies that the state treasurer can deposit fees and other assets into this fund. The fund's balance remains in it and does not transfer to the general fund. The Department of Agriculture and Rural Development is the administrator of the fund for auditing purposes and must use the fund's money to establish, operate, and enforce the industrial hemp program.