Statutes, codes, and regulations
Michigan Compiled Laws
Chapter 18 - DEPARTMENT OF MANAGEMENT AND BUDGETTHE MANAGEMENT AND BUDGET ACT
Article 3
Section 18.1359 - Combining amounts in fund and in state treasury for purposes of cash management; investment earnings; separate accounting; crediting transfer to fund

Mich. Comp. Laws § 18.1359

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Current through Public Act 171 of the 2024 Legislative Session
Section 18.1359 - Combining amounts in fund and in state treasury for purposes of cash management; investment earnings; separate accounting; crediting transfer to fund

Amounts in the fund may be combined by the state treasurer with other amounts in the state treasury for purposes of cash management. The earnings from investment of the fund shall accrue to the fund. The fund shall be accounted for separately from other funds of the state. A transfer to the fund shall be credited toward the fund balance at the start of the fiscal year in which the transfer takes place subject to later revision according to section 355 in the same fiscal year.

MCL 18.1359

1984, Act 431, Eff. 3/29/1985 .