Sec. 1. The purposes of this chapter are to: (1) fulfill the requirements to be met by the state under the federal Abandoned Shipwreck Act of 1987; and (2) provide special protection in perpetuity for abandoned property and features and formations in: (A) Lake Michigan; or (B) the Ohio River; that have historical, archeological, recreational, ecological, geological, environmental, educational, scenic, or scientific value.
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