Mich. Comp. Laws § 41.72
This is the official text of Mich. Comp. Laws § 41.72, 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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Fiscal year; commencement and termination; proportionate extension or reduction.
Official statutory text
Sec. 72.
The fiscal year of a township may commence on July 1 of each year and end on the following June 30, or it may commence on April 1 of each year and end on the following March 31. If a budget has been adopted, an audit performed, or other actions or proceedings taken before July 1, based upon a fiscal year ending in March, the fiscal year shall be proportionately extended or reduced to coincide with the fiscal year as provided in this section without impairment of township functions, services, or activities.
History: R.S. 1846, Ch. 16; CL 1857, 564; CL 1871, 708; How. 746; CL 1897, 2345; Am. 1905, Act 149, Eff. Sept. 16, 1905; CL 1915, 2124; CL 1929, 1012; CL 1948, 41.72; Am. 1971, Act 159, Eff. Mar. 30, 1972; Am. 1978, Act 596, Imd. Eff. Jan. 4, 1979; Am. 1980, Act 291, Eff. Mar. 31, 1981; Am. 1989, Act 77, Imd. Eff. June 20, 1989
The fiscal year of a township may commence on July 1 of each year and end on the following June 30, or it may commence on April 1 of each year and end on the following March 31. If a budget has been adopted, an audit performed, or other actions or proceedings taken before July 1, based upon a fiscal year ending in March, the fiscal year shall be proportionately extended or reduced to coincide with the fiscal year as provided in this section without impairment of township functions, services, or activities.
History: R.S. 1846, Ch. 16; CL 1857, 564; CL 1871, 708; How. 746; CL 1897, 2345; Am. 1905, Act 149, Eff. Sept. 16, 1905; CL 1915, 2124; CL 1929, 1012; CL 1948, 41.72; Am. 1971, Act 159, Eff. Mar. 30, 1972; Am. 1978, Act 596, Imd. Eff. Jan. 4, 1979; Am. 1980, Act 291, Eff. Mar. 31, 1981; Am. 1989, Act 77, Imd. Eff. June 20, 1989
Status: in_force · Read it on the official government site
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