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2019 Michigan Compiled Laws
Chapter 141 - Municipal Financing
Act 2 of 1968 Uniform Budgeting and Accounting Act (141.421 - 141.440a)
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 ;-- Am. 1978, Act 621, Eff. Apr. 1, 1980 ;-- Am. 1996, Act 401, Eff. Dec. 18, 1996
- Section 141.421 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 Short Title.
- Section 141.422 Meanings of Words and Phrases.
- Section 141.422a Definitions; A, B.
- Section 141.422b Definitions; B to D.
- Section 141.422c Definitions; E to G.
- Section 141.422d Definitions; D to S.
- Section 141.423 Publication; Hearings.
- Section 141.424 Annual Financial Report; Contents; Filing; Extension; Unauthorized Investments Prohibited; “Pension” Defined.
- Section 141.424a Failure of Local Unit to Report Investments in Derivative Instruments or Products.
- Section 141.424b 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 Local Units; Audits.
- Section 141.426 Certified Public Accountants; Cost.
- Section 141.427 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 Contents of Audit Report.
- Section 141.429 Public Inspection of Audit Reports.
- Section 141.430 Orders and Subpoenas.
- Section 141.431 Violations of Act.
- Section 141.432 Verification of Transactions.
- Section 141.433 Scope of Examiner's Authority; Production of Records; Divulging Confidential Information.
- Section 141.433a Energy Conservation Improvements.
- Section 141.434 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 Recommended Budget; Contents; Limitation on Total Estimated Expenditures.
- Section 141.436 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 General Appropriations Act; Amendment; Reports; Recommendations.
- Section 141.438 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 Expenditure of Funds; Transfers Within Appropriations.
- Section 141.440 Violation; Filing; Report; Review and Action by Attorney General; Civil Action for Recovery of Funds and Public Property.
- Section 141.440a Manuals, Forms, and Operating Procedures; Training and Educational Programs.
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