Michigan Laws 380.1215 – Accounting for moneys; fund designations
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(1) Operating taxes shall be accounted for under the title of “general fund”. The state board may establish other fund designations to clarify further the expenditure classifications for which general fund moneys may be used.
(2) Library money shall be accounted for under the title of “library fund”.
Terms Used In Michigan Laws 380.1215
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(3) Building and site money shall be accounted for under the title of “building and site fund”.
(4) Taxes collected for retiring bonded indebtedness shall be accounted for as required by the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.