Natural resources: gas and oil; fee for monitoring, administration, and enforcement; increase. Amends sec. 61524 of 1994 PA 451 (MCL 324.61524).

SB 140 increases the fee for monitoring Michigan's oil and gas industry from up to 1% to up to 2% of the gross cash market value of oil and gas produced. This fee applies directly to oil and gas producers who pay it when selling their products, collected alongside existing taxes. The fee amount adjusts annually based on the fund balance: it remains at 2% if the fund has less than $7 million, or calculates as a ratio of the budget to estimated production value if the fund meets or exceeds $7 million. Proceeds fund the state's monitoring, surveillance, and enforcement activities for oil and gas operations.