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Code · Michigan · Chapter 18 — Department of Management and Budget

18.1435 Revolving funds; transferring net income to general fund.

74 words·~1 min read·/mi/chapter-18/18-1435

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18.1435 Revolving funds; transferring net income to general fund.
Sec. 435.
The net income earned each fiscal year in the following revolving funds shall be transferred to the state general fund at the end of that fiscal year. The funds to which this section applies are as follows:
(a)Liquor purchase revolving fund.
(b)Michigan state fair revolving fund.
History: 1984, Act 431, Eff. Mar. 29, 1985
Popular Name: Act 431
Popular Name: DMB
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