Michigan Laws 388.1764 – Forfeiture of amount equal to expenditure for cars or chauffeurs
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Terms Used In Michigan Laws 388.1764
- 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.
A district or intermediate district shall forfeit an amount to which the district or intermediate district otherwise would be entitled under this act equal to the district’s or intermediate district’s expenditures in the immediately preceding school fiscal year for purchasing, leasing, or renting cars for board members for use within district or intermediate district boundaries, and for chauffeurs for board members or administrators.