Michigan § 141.886 - Assessment revenues not state funds; deposit and disbursement; financial statements; audit; report; copies.
Full text of Michigan Michigan Compiled Laws § 141.886 — Assessment revenues not state funds; deposit and disbursement; financial statements; audit; report; copies., with citation guidance and answers to common questions.
§ 141.886. Assessment revenues not state funds; deposit and disbursement; financial statements; audit; report; copies.
The assessment revenues collected pursuant to this act shall not be state funds. The money shall be deposited in a bank or other depository in this state, in the name of the bureau, and disbursed only for the expenses properly incurred by the bureau with respect to the marketing programs developed by the bureau under this act.
The financial statements of the bureau shall be audited at least annually by a certified public accountant. A copy of the audited financial statements shall be mailed to each owner not more than 150 days after the close of the bureau's fiscal year. The financial statements shall include a statement of all assessment revenues received by the bureau during the fiscal year in question and shall be accompanied by a detailed report, certified as correct by the chief operating officer of the bureau, describing the marketing programs implemented or, to the extent then known, to be implemented by the bureau.
Copies of the audited financial statements and the certified report shall simultaneously be mailed to the director.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 141.886
What does Michigan Compiled Laws § 141.886 cover?
Section 141.886 ("Assessment revenues not state funds; deposit and disbursement; financial statements; audit; report; copies.") 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 § 141.886?
A common citation format is "Michigan Compiled Laws § 141.886" (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 § 141.886 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.