Bill
Bill > HB5667
MI HB5667
MI HB5667Property: abandoned; compensation for use of geologic pore space; modify period for transfer to department of treasury. Amends sec. 3 of 1995 PA 29 (MCL 567.223). TIE BAR WITH: HB 5664'26, HB 5665'26, HB 5666'26, HB 5668'26, HB 5669'26
summary
Introduced
03/04/2026
03/04/2026
In Committee
03/04/2026
03/04/2026
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1995 PA 29, entitled"Uniform unclaimed property act,"by amending section 3 (MCL 567.223), as amended by 2010 PA 197.
AI Summary
This bill modifies the Uniform Unclaimed Property Act by changing the timeframe for when certain property is considered abandoned. Specifically, it extends the period from 3 years to 10 years for pore space compensation, which refers to payments related to the use of underground geological formations for storage or other purposes, as defined under a specific section of the Natural Resources and Environmental Protection Act. This change is part of a larger legislative package, indicated by the "TIE BAR WITH" section, meaning this bill will only become law if other related bills are also enacted.
Committee Categories
Agriculture and Natural Resources
Sponsors (4)
Last Action
Bill Electronically Reproduced 03/04/2026 (on 03/05/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-5667 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2026-HIB-5667.htm |
Loading...