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Rules For Withdrawal Of Funds; Limitation On Single Expenditure From Petty Cash Fund; Violation; Civil Fine - Mich. Comp. Laws Section 169.223Legal Research Home > Michigan Lawyer > Campaign Financing And Advertising > Rules For Withdrawal Of Funds; Limitation On Single Expenditure From Petty Cash Fund; Violation; Civil Fine - Mich. Comp. Laws Section 169.223 Act 388 of 1976 169.223 Rules for withdrawal of funds; limitation on single expenditure from petty cash fund; violation; civil fine.
Sec. 23. Subject to section 15, the secretary of state shall promulgate rules for the withdrawal of funds from a committee account for petty cash expenditures and for keeping records of the withdrawals. A single expenditure from a petty cash fund shall not exceed $50.00. A person who violates this section is subject to a civil fine of 3 times the amount by which the expenditure exceeds $50.00, but the fine shall not exceed $1,000.00.
Last modified: January 1, 2008 |