Michigan § 41.72 - Fiscal year; commencement and termination; proportionate extension or reduction.
Full text of Michigan Michigan Compiled Laws § 41.72 — Fiscal year; commencement and termination; proportionate extension or reduction., with citation guidance and answers to common questions.
§ 41.72. Fiscal year; commencement and termination; proportionate extension or reduction.
The fiscal year of a township may commence on July 1 of each year and end on the following June 30, or it may commence on April 1 of each year and end on the following March 31. If a budget has been adopted, an audit performed, or other actions or proceedings taken before July 1, based upon a fiscal year ending in March, the fiscal year shall be proportionately extended or reduced to coincide with the fiscal year as provided in this section without impairment of township functions, services, or activities.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 41.72
What does Michigan Compiled Laws § 41.72 cover?
Section 41.72 ("Fiscal year; commencement and termination; proportionate extension or reduction.") 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 § 41.72?
A common citation format is "Michigan Compiled Laws § 41.72" (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 § 41.72 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.