Michigan fund created from oil and gas revenues has awarded nearly $1.4bn
Michigan’s Natural Resources Trust Fund is marking 50 years of supporting land conservation and outdoor recreation. Created in 1976 using earnings from state-owned oil, gas and mineral revenues, the fund has awarded nearly $1.4 billion so far. Its latest grants include $6.5 million to acquire nearly 22,650 acres in the Keweenaw Peninsula, along with funding for parks, trails, waterfront areas and…
The Michigan Natural Resources Trust Fund, established in 1976, has awarded nearly $1.4 billion to support land protection and outdoor recreation projects across the state. Financed by earnings from oil, gas, and mineral revenues, the fund's 50th anniversary marks significant contributions to conservation efforts. The latest funding, part of the fiscal year 2027 budget, includes $45 million in grants for 75 projects, which, combined with $64 million from local and matching funds, will invest a total of $108.9 million in public land and recreation.
Major allocations include $6.5 million for the Keweenaw Peninsula, $5 million for forestland protection, and $1.5 million to acquire land adjacent to Porcupine Mountains Wilderness State Park. These grants, along with numerous others, aim to enhance recreation facilities, protect wildlife habitats, and improve access to Michigan's diverse natural resources.
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