Michigan § 18.1403 - Definitions; I to R.
Full text of Michigan Michigan Compiled Laws § 18.1403 — Definitions; I to R., with citation guidance and answers to common questions.
§ 18.1403. Definitions; I to R.
"Imprest cash" means an account with the state treasurer into which a fixed amount of money is placed for the purpose of minor or emergency disbursements.
"Indirect cost" means an amount which is received from the federal government relative to administering an award, contract, or grant made by the federal government.
"Operating fund" means a fund in which the revenues and expenditures are subject to appropriation control.
"Petty cash" means a sum of money set aside on an imprest basis for the purpose of making change or paying small obligations.
"Receipt" means payment received.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 18.1403
What does Michigan Compiled Laws § 18.1403 cover?
Section 18.1403 ("Definitions; I to R.") 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 § 18.1403?
A common citation format is "Michigan Compiled Laws § 18.1403" (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 § 18.1403 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.