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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 305. (1) “Total state spending” means the sum of state operating fund expenditures, not including transfers between funds.
(2) “Total state spending from state sources” means the sum of state operating fund expenditures not including transfers between funds, federal aid, and restricted local and private sources of financing.
(3) “Transfer payments” means as defined by the bureau of economic analysis of the United States department of commerce or its successor.
(4) “Unit of local government” means unit of local government as defined in section 115(5). 1
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 18. Department of Management and Budget § 18.1305 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-18-department-of-management-and-budget/mi-comp-laws-18-1305/
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