460.113 Deductions from assessments.
90 words·~1 min read·
/mi/chapter-460/460-113A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
460.113 Deductions from assessments.
Sec. 3.
For the fiscal year commencing July 1, 1973 and annually thereafter, there shall be deducted from any amount to be assessed under section 2 an amount equal to the difference by which the actual expenditures for the previous fiscal year attributable to the regulation of public utilities are less than the amounts appropriated for those purposes. Such deductions shall be made in the same proportion as the original assessments in section 2 of the act.
History: 1972, Act 299, Imd. Eff. Dec. 19, 1972