Rules for Withdrawal of Funds; Limitation on Single Expenditure From Petty Cash Fund; Violation; Civil Fine - Mich. Comp. Laws Section 169.223
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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.
History: 1976, Act 388, Eff. June 1, 1977
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Am. 1989, Act 95, Imd. Eff. June 21, 1989
Section: 169.216 169.217 169.218 169.220 169.221 169.221a 169.222 169.223 169.224 169.224a 169.225 169.226 169.228 169.229 169.230
Last modified: March 17, 2013
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