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Form a Business

Revolving funds; transferring net income to general fund.

MCL 18.1435
in effect
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18.1435. Revolving funds; transferring net income to general fund. Sec. 435. The net income earned each fiscal year in the following revolving funds shall be transferred to the state general fund at the end of that fiscal year. The funds to which this section applies are as follows: (a) Liquor purchase revolving fund. (b) Michigan state fair revolving fund. 1984, Act 431, Eff. Mar. 29, 1985 [PopularName] Act 431 [PopularName] DMB
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-18-1435Fetched: 10/20/2026

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