Section 324.50702 - Use of leased property; purposes; use and disposition of proceeds; implementation of forest management demonstration program(1) The property leased pursuant to this part shall be used by the county only for the following purposes: (a) To establish a forest management demonstration program to produce forest products for the purpose of economic development in the county.(b) To make forest land available to the local school districts for educational purposes.(2) The proceeds from the forest management demonstration program shall be used exclusively for economic development in the county and, if the county has established an economic development corporation under the economic development corporations act, Act No. 338 of the Public Acts of 1974, being sections 125.1601 to 125.1636 of the Michigan Compiled Laws, shall be deposited in the fund of the county established pursuant to section 27 of Act No. 338 of the Public Acts of 1974, being section 125.1627 of the Michigan Compiled Laws. If the county economic development corporation is dissolved, the proceeds from the forest management demonstration program shall be transferred to and deposited in the general fund of the county. If the county has not established an economic development corporation, the proceeds from the forest management demonstration project shall be deposited in the general fund of the county. The forest management demonstration program shall be implemented by the county forestry committee created pursuant to section 50703. In implementing the forest management demonstration program, the county forestry committee shall cooperate with the department in all matters pertaining to forest management. Add. 1995, Act 57, Imd. Eff. 5/24/1995.