Michigan Laws 338.2211 – Public accountant; fees; accountancy enforcement fund; creation; administration; use; carrying forward unexpended balance
Terms Used In Michigan Laws 338.2211
- Department: means the department of licensing and regulatory affairs. See Michigan Laws 338.2202
- 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.
- Occupational code: means 1980 PA 299, MCL 339. See Michigan Laws 338.2202
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
- 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
| (a) | Application processing fee for individuals and firms…………………………………… | $ | 100.00 |
| (b) | License to practice for individuals and firms, per year………………………………… | 100.00 | |
| (c) | Individual registration, per year………….. | 25.00 | |
| (d) | Permit for temporary practice, per year…….. | 100.00 | |
| (e) | Peer review fee………………………….. | 100.00 |
(2) The accountancy enforcement fund is created in the state treasury and shall be administered by the department. Beginning October 1, 2006, the money representing the increase in fees and the addition of the peer review fee imposed in subsection (1) shall be deposited into the accountancy enforcement fund. The department shall utilize the accountancy enforcement fund for the enforcement of article 7 of the occupational code, MCL 339.720 to 339.736, regarding unlicensed activity, licensee and registrant disciplinary actions, and the peer review program conducted by the state board of accountancy and to reimburse the attorney general for expenses incurred in conducting prosecutions of any unlicensed practice and disciplinary actions. A reasonable amount of money in the fund may be used for expenses regarding participation in national accounting organizations essential to the regulation of certified public accountants, as determined and approved by the department. Any unexpended balance in the accountancy enforcement fund at the end of a fiscal year shall carry forward to the next fiscal year.