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Natural Resources Trust Fund Could Be Bankrupted

AP writer John Flesher reports that the recent rulings by a local judge and the Michigan Court of Appeals suggest the state may have acquired some of its mineral holdings illegally. That means the Michigan Natural Resources Trust Fund (funded by royalties that energy companies pay to develop state-owned oil and natural gas deposits) could be in serious trouble.

Read Lawsuits raise cloud over Mich. natural resources fund from the AP (TC Record-Eagle)

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