Michigan § 125.4625 - Budget; submission to board; preparation; approval; adoption; cost of handling and auditing funds.
Full text of Michigan Michigan Compiled Laws § 125.4625 — Budget; submission to board; preparation; approval; adoption; cost of handling and auditing funds., with citation guidance and answers to common questions.
§ 125.4625. Budget; submission to board; preparation; approval; adoption; cost of handling and auditing funds.
(1) The director of the authority shall submit a budget to the board for the operation of the authority for each fiscal year before the beginning of the fiscal year. The budget shall be prepared in the manner and contain the information required of municipal departments. After review by the board, the budget shall be submitted to the governing body. The governing body must approve the budget before the board may adopt the budget. Unless authorized by the governing body or this part, funds of the municipality shall not be included in the budget of the authority.
(2) The governing body of the municipality may assess a reasonable pro rata share of the funds for the cost of handling and auditing the funds against the funds of the authority, other than those committed, which shall be paid annually by the board pursuant to an appropriate item in its budget.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.4625
What does Michigan Compiled Laws § 125.4625 cover?
Section 125.4625 ("Budget; submission to board; preparation; approval; adoption; cost of handling and auditing funds.") 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 § 125.4625?
A common citation format is "Michigan Compiled Laws § 125.4625" (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 § 125.4625 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.