Sec. 29. At the beginning of each quarterly period during the fiscal year, and more often if required by the township board, the supervisor or the township superintendent, as the case may be, shall submit to the township board data showing the relation between the estimated and actual income and expenses to date; and if it shall appear that the income is less than anticipated, the township board may reduce appropriations, except amounts required for debt and interest charges, to such a degree as may be necessary to keep expenditures within the cash income.
Mich. Comp. Laws § 42.29
Quarterly statement of estimated and actual income and expenses; submission by supervisor to township board; reduction of appropriations, exceptions
Applied in 1 court decision — leading case 248 Mich. App. 573 - Armstrong v. Ypsilanti Charter Township (2002)
Most recently applied in 248 Mich. App. 573 - Armstrong v. Ypsilanti Charter Township (February 2002)
1947, Act 359, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.