Mich. Comp. Laws § 18.1403
This is the official text of Mich. Comp. Laws § 18.1403, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Definitions; I to R.
Official statutory text
Sec. 403.
"Imprest cash" means an account with the state treasurer into which a fixed amount of money is placed for the purpose of minor or emergency disbursements.
"Indirect cost" means an amount which is received from the federal government relative to administering an award, contract, or grant made by the federal government.
"Operating fund" means a fund in which the revenues and expenditures are subject to appropriation control.
"Petty cash" means a sum of money set aside on an imprest basis for the purpose of making change or paying small obligations.
"Receipt" means payment received.
History: 1984, Act 431, Eff. Mar. 29, 1985
"Imprest cash" means an account with the state treasurer into which a fixed amount of money is placed for the purpose of minor or emergency disbursements.
"Indirect cost" means an amount which is received from the federal government relative to administering an award, contract, or grant made by the federal government.
"Operating fund" means a fund in which the revenues and expenditures are subject to appropriation control.
"Petty cash" means a sum of money set aside on an imprest basis for the purpose of making change or paying small obligations.
"Receipt" means payment received.
History: 1984, Act 431, Eff. Mar. 29, 1985
Status: in_force · Read it on the official government site
Need a lawyer in Michigan?
Find a Michigan lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.