Michigan Laws 211.1079 – Credit to general fund; appropriation
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Terms Used In Michigan Laws 211.1079
- Assessment: means the alternative state essential services assessment levied under section 5. See Michigan Laws 211.1073
- Department: means the department of treasury. See Michigan Laws 211.1073
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(1) Proceeds of the assessment collected under section 7 shall be credited to the general fund.
(2) Beginning in fiscal year 2014-2015 and each fiscal year thereafter, the legislature shall appropriate funds in an amount equal to the necessary expenses incurred by the department in implementing this act.