Natural resources: trust fund; Michigan water trust fund; provide for. Amends 1994 PA 451 (MCL 324.101 - 324.90106) by adding pt. 12. TIE BAR WITH: SB 0951'26

This bill creates the Michigan Water Trust Fund to protect the state's water resources and support local communities facing water challenges. It establishes a new board within the Department of Environment, Great Lakes, and Energy to oversee a grant program that provides funding for water infrastructure, lead service line replacement, and assistance for residents during water emergencies or those relying on private wells. The fund is financed by royalties from the Safe Drinking Water Act and other sources, with spending limited until the principal reaches $800 million to ensure long-term sustainability. A seven-member board, including the department director and six gubernatorial appointees, will review grant applications and manage the program's administration.