Terms Used In Michigan Laws 15.421

  • Financial report: means any of the following:
   (i) An audit report or other report for a local unit showing the cost and fiscal year end market value of derivative instruments or products in the local unit's pension or nonpension investment portfolio at fiscal year end reported both on an aggregate basis and itemized by issuer and type of derivative instrument or product, including but not limited to an annual financial report under section 4 of the uniform budgeting and accounting act, Act No. See Michigan Laws 15.422
   This act shall be known and may be cited as the “good government financial report disclosure act”.