Michigan § 18.1355 - Adjustment of transfer into or out of fund; condition; adjustment of appropriation from fund.
Full text of Michigan Michigan Compiled Laws § 18.1355 — Adjustment of transfer into or out of fund; condition; adjustment of appropriation from fund., with citation guidance and answers to common questions.
§ 18.1355. Adjustment of transfer into or out of fund; condition; adjustment of appropriation from fund.
(1) The transfer into or out of the fund as provided in section 352 for each fiscal year beginning after September 30, 1978, may be adjusted in light of revision in the annual growth rate for the calendar year upon which that transfer was made. If an adjustment is made, it shall be implemented by an appropriation bill enacted into law.
(2) For a transfer into the fund, the adjustment, if made, shall be directly proportional to an increase or decrease in the annual growth rate.
(3) The basis for an adjustment under this section shall be a change in the personal income level for that calendar year as determined by the bureau of economic analysis of the United States Department of Commerce or its successor in the last report it makes before April 30 of the fiscal year in which that calendar year ended. The adjustment, if made, shall be effective on June 1 of the fiscal year in which the transfer is made.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 18.1355
What does Michigan Compiled Laws § 18.1355 cover?
Section 18.1355 ("Adjustment of transfer into or out of fund; condition; adjustment of appropriation from fund.") 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 § 18.1355?
A common citation format is "Michigan Compiled Laws § 18.1355" (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 § 18.1355 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.