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Michigan Compiled Laws, Chapter 120. Port Districts § 120.125

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 25. If at the end of a fiscal year a surplus of unencumbered funds remains after providing for the operating expenses of an authority, the authority may pay that surplus into the general funds of the state and of its constituent units in the same proportion which the appropriations made by each to the authority bear to each other.

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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 120. Port Districts § 120.125 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-120-port-districts/mi-comp-laws-120-125/

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