Section 141.430 – Orders and Subpoenas.
141.430 Orders and subpoenas. Sec. 10. In connection with any audit and examination conducted under the provisions of this act, the state treasurer, or a deputy state treasurer, may issue subpoenas, direct the service thereof by any police officer, and compel the attendance and testimony of witnesses, may administer oaths and examine such persons as […]
Section 141.431 – Violations of Act.
141.431 Violations of act. Sec. 11. If any audit or investigation conducted under this act discloses statutory violations on the part of any officer, employee or board of any local unit, a copy of such report shall be filed with the attorney general who shall review the report and cause to be instituted such proceeding […]
Section 141.432 – Verification of Transactions.
141.432 Verification of transactions. Sec. 12. (1) For purposes of verifying any transactions disclosed by an audit or investigation, any person or firm authorized to conduct an audit under this act may ascertain the deposits, payments, withdrawals and balances on deposit in any bank account or with any contractor or with any other person having […]
Section 141.433 – Scope of Examiner’s Authority; Production of Records; Divulging Confidential Information.
141.433 Scope of examiner’s authority; production of records; divulging confidential information. Sec. 13. (1) Notwithstanding the confidentiality provisions of any tax laws, any authorized employee of the state treasurer, certified public accountant or firm of certified public accountants conducting an audit under this act shall have access to and authority to examine all books, accounts, […]
Section 141.433a – Energy Conservation Improvements.
141.433a Energy conservation improvements. Sec. 13a. (1) Except as otherwise provided by law, the legislative body of a local unit may provide by resolution for the acquisition or financing of energy conservation improvements to be made to facilities or infrastructure owned or operated by the local unit and may pay for the improvements or the […]
Section 141.422c – Definitions; E to G.
141.422c Definitions; E to G. Sec. 2c. (1) “Expenditure” means the cost of goods delivered or services rendered, whether paid or unpaid, including expenses, debt retirement not reported as a liability of the fund from which retired, or capital outlay. (2) “General appropriations act” means the budget as adopted by the legislative body or as […]
Section 141.422d – Definitions; D to S.
141.422d Definitions; D to S. Sec. 2d. (1) “Depository library” means a depository library designated under section 10 of the library of Michigan act, 1982 PA 540, MCL 397.20. (2) “Legislative body” means any of the following: (a) The council, commission, or other entity vested with the legislative power of a village. (b) The council […]
Section 141.423 – Publication; Hearings.
141.423 Publication; hearings. Sec. 3. The state treasurer, before the adoption of a uniform chart of accounts, shall provide for advance publication and for hearings thereon with an advisory committee selected by the state treasurer from the local units and from other interested or concerned groups. The uniform chart of accounts, when finally adopted, shall […]
Section 141.424 – Annual Financial Report; Contents; Filing; Extension; Unauthorized Investments Prohibited; “Pension” Defined.
141.424 Annual financial report; contents; filing; extension; unauthorized investments prohibited; “pension” defined. Sec. 4. (1) The chief administrative officer of each local unit shall make an annual financial report (local unit fiscal report) which shall be uniform for all local units of the same class. (2) The annual financial report shall contain for each fiscal […]
Section 141.424a – Failure of Local Unit to Report Investments in Derivative Instruments or Products.
141.424a Failure of local unit to report investments in derivative instruments or products. Sec. 4a. (1) If a local unit fails to report investments in derivative instruments or products as required by section 4, the state treasurer may determine that the local unit cannot report the investments without assistance, advice, or instruction from the state […]