Mich. Comp. Laws § 18.1402
This is the official text of Mich. Comp. Laws § 18.1402, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
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Definitions; C to E.
Official statutory text
Sec. 402.
"Comprehensive annual financial report" means the official annual financial report of the state published by the department in accordance with section 23 of article IX of the state constitution of 1963.
"Disbursement" means payment.
"Encumbrance" means a commitment related to unperformed contracts for goods and services which is recognized as a reservation of fund balance for financial reporting purposes.
"Expenditure" means charges incurred for work performed, supplies and materials delivered, services rendered, and grants and debt service due, whether or not payment has been made.
History: 1984, Act 431, Eff. Mar. 29, 1985
"Comprehensive annual financial report" means the official annual financial report of the state published by the department in accordance with section 23 of article IX of the state constitution of 1963.
"Disbursement" means payment.
"Encumbrance" means a commitment related to unperformed contracts for goods and services which is recognized as a reservation of fund balance for financial reporting purposes.
"Expenditure" means charges incurred for work performed, supplies and materials delivered, services rendered, and grants and debt service due, whether or not payment has been made.
History: 1984, Act 431, Eff. Mar. 29, 1985
Status: in_force · Read it on the official government site
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