Michigan Compiled Laws - Budget And State Accounts

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• Accounting And Reporting System; Installation By State Treasurer; Uniformity - Mich. Comp. Laws Section 21.41
  The state treasurer shall formulate, prescribe, and install a system of accounting and reporting in conformity with the provisions of this act that shall ...
• Accounting System; Accounts; Form And Contents - Mich. Comp. Laws Section 21.42
  The accounting system shall embrace accounts showing all sources of income, the amounts due, collected and received from each source, including all fees collected ...
• Accounting System; Separate Accounts For Appropriations; Contents - Mich. Comp. Laws Section 21.43
  A separate account shall be kept of each appropriation, or fund, made to or received by each county office, which shall show the date ...
• Accounting System; Uniform Annual Financial Reports From County Offices; Filing; Publication; Distribution - Mich. Comp. Laws Section 21.44
  It shall be the duty of each county office to make an annual financial report in accordance with forms prescribed by the state treasurer, ...
• Statement To Be Filed With Auditor General; Annual County Financial Report; Excluded Information; Unauthorized Investments Prohibited. - Mich. Comp. Laws Section 21.44a
  (1) Each department, institution, or office of state government shall file with the auditor general within 60 days after the close of the state fiscal ...
• Nonpension Investments In Derivative Instruments Or Products; Failure To Report; Determination And Report By Auditor General Or Department Of Treasury; Expenses - Mich. Comp. Laws Section 21.44b
  (1) If a department, institution, or office of state government fails to report nonpension investments in derivative instruments or products or pension investments as required ...
• Schedule Of Derivative Instruments And Products; Filing Copies With Library Of Michigan And Depository Libraries; Availability Of Report And Statement For Public Inspection - Mich. Comp. Laws Section 21.44c
  (1) The department of treasury shall promptly file with the library of Michigan a sufficient number of copies of a schedule of derivative instruments and ...
• State Treasurer; Examination Of Accounts; Employment And Compensation Of Assistants; Traveling Expenses - Mich. Comp. Laws Section 21.45
  The state treasurer is the supervisor of the accounts of all county offices. The state treasurer may examine, or cause to be examined, the ...
• Examination Of Accounts; Subpoenas; Witnesses; Production Of Records - Mich. Comp. Laws Section 21.46
  Upon demand of the state treasurer, or any person duly appointed by the state treasurer, to make the examinations provided in this act, any ...
• Accounting System; Report Of Examination Of Accounts; Filing; Criminal And Civil Proceedings; Prosecution; Removal For Neglect - Mich. Comp. Laws Section 21.47
  A report shall be made, in duplicate, of each examination made in accordance with the provisions of this act. The duplicate report shall be ...
• Accounting System; Adoption By County Officers Mandatory; Refusal; Penalties - Mich. Comp. Laws Section 21.48
  The executive officer of each county office shall adopt and use the books, forms, records and systems of accounting and reporting prescribed by the ...
• Accounting System; Removal For Noncompliance; Hearing - Mich. Comp. Laws Section 21.49
  The governor may, and he or she shall upon a finding of guilt, remove from office the officer of any branch of the state ...
• Accounting System; Audit Of Department Of Treasury - Mich. Comp. Laws Section 21.50
  The department of treasury shall be audited by the auditor general as provided by law. History: 1919, Act 71, Imd. Eff. Apr. 15, 1919 ...
• Giving Or Offering To Examiner Or Other Employee Money, Gift, Emolument, Or Thing Of Value; Purposes; Misdemeanor; Penalty - Mich. Comp. Laws Section 21.51
  Any person who gives or offers to any examiner, accountant, clerk, or other employee of the department of treasury, any money, gift, emolument, or ...
• Receiving Or Soliciting Money, Gift, Emolument, Or Anything Of Value; Purposes; Misdemeanor; Penalty - Mich. Comp. Laws Section 21.52
  Any person appointed by the state treasurer to make the examinations provided for under this act, or any officer, clerk, or other employee of ...
• Repealed. 2002, Act 370, Imd. Eff. May 24, 2002 - Mich. Comp. Laws Section 21.53
  Compiler's Notes: The repealed section pertained to biennial estimate of expenses by auditor general or budget commission. ...
• Repealed. 1984, Act 431, Eff. Mar. 29, 1985. - Mich. Comp. Laws Section 21.54
  Compiler's Notes: The repealed section pertained to monthly financial reports. ...
• Definitions - Mich. Comp. Laws Section 21.55
  As used in this act: (a) "Depository library" means a depository library designated under section 10 of the library of Michigan act, Act No. ...
• State Institutions; Definition - Mich. Comp. Laws Section 21.71
  That all educational, charitable, reformatory and penal institutions, supported wholly or in part by the state, shall be known as state institutions. History: 1881, ...
• Repealed. 1962, Act 18, Eff. Mar. 28, 1963 - Mich. Comp. Laws Section 21.72-21.76
  Compiler's Notes: The repealed sections provided for uniform regulation of certain state institutions. ...
• Contracts For Televising Affairs Of State Institutions; Provisions For General Transmission - Mich. Comp. Laws Section 21.76a
  No state institution, or any state board, division or department, shall enter into any contract for the televising or phonovising of any of its ...
• Repealed. 1962, Act 18, Eff. Mar. 28, 1963 - Mich. Comp. Laws Section 21.77-21.79
  Compiler's Notes: The repealed sections required approval for plans for certain state institutions and for keeping accounts. ...
• Repealed. 1984, Act 431, Eff. Mar. 29, 1985 - Mich. Comp. Laws Section 21.101-21.109
  Compiler's Notes: The repealed sections pertained to merging, transferring, and accounting of various funds. ...
• State Treasurer's Common Cash Fund; Assets And Liabilities - Mich. Comp. Laws Section 21.110
  The assets of the state treasurer's common cash fund shall consist of: (a) Such remaining cash of the several state funds as may have ...
• Repealed. 1984, Act 431, Eff. Mar. 29, 1985 - Mich. Comp. Laws Section 21.111, 21.112
  Compiler's Notes: The repealed sections pertained to financial statements for 1941 and to authority of controller. ...
• Loan To Eligible Municipality; Approval; Compliance; Warrant; Limitation On Total Amount Of Loans; Definition - Mich. Comp. Laws Section 21.141
  (1) The state treasurer shall make a loan from surplus funds to an eligible municipality, as municipality is defined in section 1 of the emergency ...
• Repealed. 2006, Act 228, Imd. Eff. June 26, 2006 - Mich. Comp. Laws Section 21.142
  Compiler's Notes: The repealed section pertained to use of surplus funds to make loans to qualified corporations. ...
• Investment Of Surplus Funds; Conditions And Restrictions; Valid Public Purpose; Approval Of Documentation; Agricultural Loans; Disposition Of Earnings; Reducing General Fund By Amount Of Interest Deficiency Or Loss Of Principal; Duration Of Certain Investments; Compliance; Separate Reports; Definitions; Value Of Qualified Agricultural Loans; Deduction Of Grant; Use Of Existing Deposits For Loans To Farmers; Appropriation; Reduction Of Maximum Amount Of Investments; Effect Of Money Not Invested For Qualified Agricultural Loans; Action To Ensure Successful Operation Of Section; Disposition Of Affidavit; Use Of Federal Grant - Mich. Comp. Laws Section 21.142a
  (1) The state treasurer may invest surplus funds under the state treasurer's control in certificates of deposit or in a financial institution which qualifies with ...
• Investment Of Surplus Funds; Terms And Conditions; Valid Public Purpose; Investment Agreement; Amount Of Investment; Earnings; List Of Eligible Projects; Conditions To Approval Of Eligible Project; Duty Of Director And State Treasurer; Definitions; Effect Of General Obligation Bonds; Use Of Bond Proceeds To Promote Solid Waste Management - Mich. Comp. Laws Section 21.142b
  (1) The state treasurer may invest surplus funds under the state treasurer's control with a financial institution, investment company, insurance company, or other legal entity ...
• Investment Of Surplus Funds; Public Purpose; Earnings; Losses; Limitation - Mich. Comp. Laws Section 21.142c
  (1) The state treasurer may invest surplus funds under the control of the state treasurer in undivided participating interests in loans the principal of which ...
• Investment Of Surplus Funds To Facilitate Marina Dredging Loans - Mich. Comp. Laws Section 21.142d
  (1) The state treasurer may invest surplus funds under the state treasurer's control in certificates of deposit or other instruments of a financial institution qualified ...
• Loan Of Surplus Funds To Sugar Beet Growers' Cooperative - Mich. Comp. Laws Section 21.142e
  (a) The agricultural processor employs at least 300 full-time employees and 1,000 seasonal employees and is in bankruptcy proceedings or was in bankruptcy proceedings at ...
• Investment In Loans To Land Bank Fast Track Authority Or Brownfield Redevelopment Authority; Terms; Definitions - Mich. Comp. Laws Section 21.142f
  (1) The state treasurer may invest surplus funds in loans to a land bank fast track authority or a brownfield redevelopment authority at the market ...
• Financial Institution As Depository Of Surplus Funds; Compliance; Location Of Principal Office; Security; Rate Of Return; Investment And Use Of Surplus Funds; Disposition Of Earnings From Loans; Loss Of Principal Or Interest; Reduction Of Earnings; Investment In Securities Of No-Load Open-End Or Closed-End Management Type Investment Company Or Investment Trust - Mich. Comp. Laws Section 21.143
  (1) A financial institution shall not be a depository of surplus funds of the state unless the financial institution complies with this act. The state ...
• Liability Of State Treasurer And His Or Her Bail; Loans Not Subject To Certain Acts - Mich. Comp. Laws Section 21.144
  (1) Nothing contained in this act shall be held or considered to change or affect the liability of the state treasurer or his or her ...
• Repealed. 1997, Act 32, Imd. Eff. June 19, 1997 - Mich. Comp. Laws Section 21.145
  Compiler's Notes: The repealed section pertained to financial institutions failing to comply with certain requirements. ...
• Illegal Discriminatory Lending Practice; Determination Regarding Deposit Of Additional Surplus Funds; Considerations; Commencement Date And Duration Of Prohibition; Determination Subject To S 24.201 Et Seq - Mich. Comp. Laws Section 21.146
  (1) If a financial institution is found by a state or federal agency having jurisdiction over that financial institution, or a court having jurisdiction over ...
• Definitions - Mich. Comp. Laws Section 21.147
  As used in this act: (a) "Commissioner" means the commissioner of the office of financial and insurance services of the department of consumer and ...
• Obligations Due State Or Municipality; Payment By Check Or Bank Draft, Date Operative; Legal Tender - Mich. Comp. Laws Section 21.153
  Whenever any check or bank draft shall be tendered for the payment of any debt, taxes or other obligation due to the state or ...
• Public Officers; Payment Of Public Funds Received Into Treasury; Violation, Penalty - Mich. Comp. Laws Section 21.154
  All collecting and disbursing officers, all county and township treasurers, and all other public officers or agents through whose hands public moneys pass, are ...
• Grants And Gifts To State; Acceptance By Governor, Report To Legislature - Mich. Comp. Laws Section 21.161
  Whenever any grant, devise, bequest, donation, gift or assignment of money, bonds or choses in action, or of any property, real or personal, shall ...
• Title Of State To Grants And Gifts, To Be Protected By Attorney General - Mich. Comp. Laws Section 21.162
  Whenever it shall be necessary to protect or assert the right or title of the state to any property so received or derived as ...
• Repealed. 1987, Act 199, Imd. Eff. Dec. 14, 1987 - Mich. Comp. Laws Section 21.163
  Compiler's Notes: The repealed section pertained to acceptance of legislative jurisdiction over federal lands or interests therein. ...
• Children's Trust Fund; Creation As Charitable And Educational Endowment Fund; Expenditure; Credits; Investment; Availability For Disbursement; Accounting Of Revenues And Expenditures; "Trust Fund" Defined - Mich. Comp. Laws Section 21.171
  (2) The state treasurer shall credit to the trust fund all amounts appropriated for this purpose under section 475 of the income tax act of ...
• Conditional Effective Date - Mich. Comp. Laws Section 21.172
  This act shall not take effect unless the following House Bills of the 81st Legislature are enacted into law: (a) House Bill No. 4556 ...
• Bank Deposit Accounts Of State Moneys; State Treasurer; Responsibility - Mich. Comp. Laws Section 21.181
  That it shall be the duty of the state treasurer to keep the accounts of the treasurer with all banks or depositories where any ...
• Interest Accounts - Mich. Comp. Laws Section 21.182
  All items of interest which may become due the state from banks or otherwise shall be entered on the books of the treasurer when ...
• Repealed. 2002, Act 368, Imd. Eff. May 24, 2002 - Mich. Comp. Laws Section 21.183
  Compiler's Notes: The repealed section pertained to vouchers for disbursements to be furnished before issuance of warrants. ...
• Proceeds From Sale Of Educational Lands; Use - Mich. Comp. Laws Section 21.191
  That all money received into the state treasury from the sale of lands, and placed to the credit of the university fund, the agricultural ...
• Interest On Educational Funds; Computation; Payment - Mich. Comp. Laws Section 21.201
  That upon all sums paid into the state treasury upon account of the principal of any of the educational funds, except where the provision ...
• University Interest Fund; Interest Credited; Payment To University Treasurer - Mich. Comp. Laws Section 21.211
  That the state treasurer shall credit to the university interest fund interest on the entire amount received by the state for university lands sold ...
• Meanings Of Words And Phrases - Mich. Comp. Laws Section 21.231
  For purposes of this act, the words and phrases defined in sections 2 to 4 shall have the meanings ascribed to them in those ...
• Definitions; A To D - Mich. Comp. Laws Section 21.232
  (1) "Activity" means a specific and identifiable administrative action of a local unit of government. The provision of a benefit for, or the protection of, ...
• Definitions; E To N - Mich. Comp. Laws Section 21.233
  (1) "Existing law" means a public or local act enacted prior to December 23, 1978, a rule promulgated prior to December 23, 1978, or a ...
• Definitions; S - Mich. Comp. Laws Section 21.234
  (1) "Service" means a specific and identifiable program of a local unit of government which is available to the general public or is provided for ...
• Disbursements To Local Units Of Government; Appropriation; Purpose; Schedule Of Estimated Payments; Duty Of Governor; Prorating Amount Appropriated; Supplemental Appropriation; Administration Of Act; Personnel; Guidelines; Forms - Mich. Comp. Laws Section 21.235
  (1) The legislature shall annually appropriate an amount sufficient to make disbursements to each local unit of government for the necessary cost of each state ...
• Fiscal Note For Rules Requiring Disbursement; Request For Appropriation - Mich. Comp. Laws Section 21.236
  For rules promulgated under a state law which require a disbursement under this act, the state agency promulgating the rules shall prepare and submit ...
• Joint Rules; Establishment; Purpose; Review Of Records; Requesting Audit - Mich. Comp. Laws Section 21.237
  (1) The legislature shall establish joint rules to provide for a method of identifying whether or not legislation proposes a state requirement as described in ...
• Certification Of Disbursements; Procedure; Report On Prorated Claims; Adjustment Of Prorated Claims; Payment Of Disbursements - Mich. Comp. Laws Section 21.238
  (1) The department shall certify disbursements to each local unit of government for the necessary costs of state requirements from funds appropriated for that purpose. ...
• Separate Accounting For Funds; Purpose. - Mich. Comp. Laws Section 21.239
  Funds received by a local unit of government under this act shall be separately accounted for to reflect the specific state requirement for which ...
• Local Government Claims Review Board; Creation; Duties; Appointment, Qualifications, And Terms Of Members; Majority Vote Required To Approve Claim; Concurrent Resolution Approving Payment; Adoption Of Procedures; Limitations On Appeal; Powers Of Board; Report - Mich. Comp. Laws Section 21.240
  (1) The local government claims review board is created in the department and shall advise the director on the administration of this act and perform ...
• Information; Collection And Tabulation; Scope; Report To Legislature; Concurrent Resolution; Updating Report - Mich. Comp. Laws Section 21.241
  (1) Within 6 months after the effective date of this act the department shall collect and tabulate relative information as to the following: (a) The ...
• State Law Causing Reduction In State Financed Proportion Of Necessary Costs - Mich. Comp. Laws Section 21.242
  A state law shall not be enacted, which causes a reduction in the state financed proportion of the necessary costs of an existing activity ...
• State Laws Providing For Other Forms Of State Aid, Cost-Sharing Agreements, Or Methods Of Making Disbursements; S 21.234(5)(I) Inapplicable To Police, Fire, Or Emergency Medical Transport Services - Mich. Comp. Laws Section 21.243
  This act does not prohibit the legislature from enacting state laws to provide for other forms of state aid, cost-sharing agreements, or specific methods ...
• Rules; Purpose - Mich. Comp. Laws Section 21.244
  The department may promulgate rules pursuant to Act No. 306 of the Public Acts of 1969, as amended, being sections 24.201 to 24.315 of ...
• Reporting Tax Credits, Deductions, And Exemptions With Annual Budget Message; Duty Of Department Of Treasury - Mich. Comp. Laws Section 21.271
  The governor, with the annual budget message to the legislature, shall report, at a minimum, the tax credits, deductions, and exemptions enumerated in this ...
• Reporting Pursuant To SS 206.1 To 206.532 - Mich. Comp. Laws Section 21.272
  The governor shall report the following compiled pursuant to the income tax act of 1967, 1967 PA 281, MCL 206.1 to 206.532: (a) Number ...
• Reporting Pursuant To S 208.1 Et Seq - Mich. Comp. Laws Section 21.273
  The governor shall report the following compiled pursuant to the single business tax act, 1975 PA 228, MCL 208.1 to 208.145: (a) Amount of ...
• Reporting Estimated State Equalized Valuation And Amount Of Tax Foregone From Exemptions Under S 211.1 Et Seq.; Exception; Specific Exemption Estimates - Mich. Comp. Laws Section 21.274
  The governor shall report the estimated state equalized valuation and the amount of tax foregone in each county because of the exemptions granted pursuant ...
• Reporting Estimate Of Amount Of Tax Foregone From Exemptions Under S 205.51 Et Seq.; Reporting Estimate Of Amount Of Tax Foregone Pursuant To S 205.51(1)(G) - Mich. Comp. Laws Section 21.275
  (1) The governor shall report an estimate, by item, of the amount of tax foregone from the exemptions granted pursuant to Act No. 167 of ...
• Reporting Estimate Of Amount Of Tax Foregone From Exemptions Under Mcl 205.91 Et Seq.; Reporting Estimate Of Amount Of Tax Foregone Pursuant To Mcl 205.92(F) - Mich. Comp. Laws Section 21.276
  (1) The governor shall report an estimate, by item, of the amount of tax foregone from exemptions granted pursuant to Act No. 94 of the ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 205.131 Et Seq - Mich. Comp. Laws Section 21.277
  The governor shall report an estimate, by group, if possible, of revenue foregone from exemptions granted pursuant to Act No. 301 of the Public ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 205.201 Et Seq - Mich. Comp. Laws Section 21.278
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 188 of the Public Acts of 1899, as ...
• Reporting Estimate Of Revenue Foregone From Exemption Under S 205.301 Et Seq - Mich. Comp. Laws Section 21.279
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 48 of the Public Acts of 1929, as ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 205.501 Et Seq - Mich. Comp. Laws Section 21.280
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 265 of the Public Acts of 1947, as ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 207.1 Et Seq - Mich. Comp. Laws Section 21.281
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 282 of the Public Acts of 1905, as ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 207.101 Et Seq - Mich. Comp. Laws Section 21.282
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 150 of the Public Acts of 1927, as ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 207.211 Et Seq - Mich. Comp. Laws Section 21.282a
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 119 of the Public Acts of 1980, being ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 207.501 Et Seq - Mich. Comp. Laws Section 21.283
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 134 of the Public Acts of 1966, as ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 436.1 Et Seq., S 436.101 Et Seq., S 436.121 Et Seq., And S 436.131 Et Seq - Mich. Comp. Laws Section 21.284
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 8 of the Public Acts of the Extra ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under SS 478.1 To 478.6 - Mich. Comp. Laws Section 21.285
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to article 4 of Act No. 254 of the Public Acts ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 259.203 - Mich. Comp. Laws Section 21.286
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to section 203 of Act No. 327 of the Public Acts ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under SS 257.801 To 257.810 - Mich. Comp. Laws Section 21.287
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to sections 801 to 810 of Act No. 300 of the ...
• Reporting Estimate Of Revenue Foregone From Exemptions Pursuant To SS 324.78101 To 324.78112 - Mich. Comp. Laws Section 21.288
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to part 781 (Michigan state waterways commission) of the natural resources ...
• Reporting Estimate Of Revenue Foregone From Exemptions Granted Pursuant To SS 324.80101 To 324.80124 - Mich. Comp. Laws Section 21.289
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to sections 80101 to 80124 of part 801 (marine safety) of ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 141.501 Et Seq - Mich. Comp. Laws Section 21.290
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 284 of the Public Acts of 1964, as ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 141.801 Et Seq - Mich. Comp. Laws Section 21.291
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 198 of the Public Acts of 1970, as ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 141.851 Et Seq. And S 481.861 Et Seq - Mich. Comp. Laws Section 21.292
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 232 of the Public Acts of 1971, being ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 431.101 Et Seq - Mich. Comp. Laws Section 21.293
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 205 of the Public Acts of 1939, as ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 431.61 Et Seq - Mich. Comp. Laws Section 21.294
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to Act No. 327 of the Public Acts of 1980, as ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under S 450.2062 - Mich. Comp. Laws Section 21.295
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to section 1062 of Act No. 284 of the Public Acts ...
• Reporting Estimate Of Revenue Foregone From Exemptions Under SS 500.440 To 500.466 - Mich. Comp. Laws Section 21.296
  The governor shall report an estimate of revenue foregone from exemptions granted pursuant to sections 440 to 446 of Act No. 218 of the ...

Last modified: January 3, 2008