MCL - Act 2 of 1968
AN ACT to provide for the formulation and establishment of uniform charts of accounts and reports in local units of government; to define local units of government; to provide for the examination of the books and accounts of local units of government; to provide for annual financial reports from local units of government; to provide for the administration of this act; to prescribe the powers and duties of the state treasurer, the attorney general, the library of Michigan and depository libraries, and other officers and entities; to provide penalties for violation of certain requirements of this act; to provide for meeting the expenses authorized by this act; to provide a uniform budgeting system for local units; and to prohibit deficit spending by a local unit of government.
History: 1968, Act 2, Imd. Eff. Feb. 20, 1968
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Am. 1978, Act 621, Eff. Apr. 1, 1980
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Am. 1996, Act 401, Eff. Dec. 18, 1996
| Document | Type | Description |
|---|---|---|
| Section 141.421 | Section | Uniform charts of accounts for local units; design; conformity to uniform standards; maintenance of local unit accounts; publication of standard operating procedures and forms; assistance, advice, or instruction; inadequacy of local unit; report; services of certified public accountant or state treasurer; expenses; payment; contract; monthly billings. |
| Section 141.421a | Section | Short title. |
| Section 141.422 | Section | Meanings of words and phrases. |
| Section 141.422a | Section | Definitions; A, B. |
| Section 141.422b | Section | Definitions; B to D. |
| Section 141.422c | Section | Definitions; E to G. |
| Section 141.422d | Section | Definitions; D to S. |
| Section 141.423 | Section | Publication; hearings. |
| Section 141.424 | Section | Annual financial report; contents; filing; extension; unauthorized investments prohibited; “pension” defined. |
| Section 141.424a | Section | Failure of local unit to report investments in derivative instruments or products. |
| Section 141.424b | Section | Schedule of derivative instruments and products; filing copies; Library of Michigan and depository libraries as depositories; retention of annual report by local unit. |
| Section 141.425 | Section | Local units; audits. |
| Section 141.426 | Section | Certified public accountants; cost. |
| Section 141.427 | Section | Minimum auditing procedures and standards; form for report of auditing procedures; filing audit report and report of auditing procedures; time for filing; extension. |
| Section 141.428 | Section | Contents of audit report. |
| Section 141.429 | Section | Public inspection of audit reports. |
| Section 141.430 | Section | Orders and subpoenas. |
| Section 141.431 | Section | Violations of act. |
| Section 141.432 | Section | Verification of transactions. |
| Section 141.433 | Section | Scope of examiner's authority; production of records; divulging confidential information. |
| Section 141.433a | Section | Energy conservation improvements. |
| Section 141.434 | Section | Budget; preparation, presentation, and control of expenditures; information; transmitting recommended budget to legislative body; suggested general appropriations act; consideration of recommended budget; furnishing information to legislative body; public hearing. |
| Section 141.435 | Section | Recommended budget; contents; limitation on total estimated expenditures. |
| Section 141.436 | Section | General appropriations act; requirements; line items not mandated; taxation; limitation on estimated total expenditure; presumption; suit against county legislative body; standing; mediation; severability. |
| Section 141.437 | Section | General appropriations act; amendment; reports; recommendations. |
| Section 141.438 | Section | Incurring debts or obligations; dividing appropriations into allotments; expenditures; application or diversion of money; restrictions on delegation of duties; enforcement power; suit against chief administrative officer of county; standing; mediation; 60-day period to bring suit in Michigan court of appeals; court jurisdiction; limitation; certain actions barred; expenditure of funds; severability. |
| Section 141.439 | Section | Expenditure of funds; transfers within appropriations. |
| Section 141.440 | Section | Violation; filing; report; review and action by attorney general; civil action for recovery of funds and public property. |
| Section 141.440a | Section | Manuals, forms, and operating procedures; training and educational programs. |