Natural resources: inland lakes; financing provisions and definition of lake level; revise. Amends secs. 30701, 30711, 30716 & 30717 of 1994 PA 451 (MCL 324.30701 et seq.).

This bill updates Michigan's Natural Resources and Environmental Protection Act to clarify how inland lake levels are defined and financed. It provides clearer definitions for terms like "inland lake" and "normal level," specifying that normal levels are target elevations chosen to benefit the public and protect property while excluding the Great Lakes. The legislation also expands the ability of local districts to raise money for lake level projects by allowing them to issue bonds and accept advances from various sources, including private companies and the federal government, to cover costs like engineering and land acquisition. These financial tools are intended to help communities manage water levels through special assessments on affected properties.