Michigan § 338.2203 - Licensing and regulation fund; creation; requirements.
Full text of Michigan Michigan Compiled Laws § 338.2203 — Licensing and regulation fund; creation; requirements., with citation guidance and answers to common questions.
§ 338.2203. Licensing and regulation fund; creation; requirements.
The licensing and regulation fund is created in the state treasury. All of the following apply to the licensing and regulation fund:
(a) Except as otherwise provided in sections 11, 37, 38, and 39, the fees collected under this act shall be deposited into the fund.
(b) Money in the fund shall be used only to offset the cost of operating the department.
(c) The state treasurer shall direct the investment of the fund and shall credit to the fund interest and earnings from fund investments.
(d) Money in the fund at the close of the fiscal year shall remain in the fund and shall not lapse to the general fund.
(e) The department is the administrator of the fund for auditing purposes.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 338.2203
What does Michigan Compiled Laws § 338.2203 cover?
Section 338.2203 ("Licensing and regulation fund; creation; requirements.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 338.2203?
A common citation format is "Michigan Compiled Laws § 338.2203" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 338.2203 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.