State Codes and Statutes
Statutes > Michigan > Chapter-390 > Act-549-of-2008 > Section-390-1675MICHIGAN PROMISE ZONE AUTHORITY ACT (EXCERPT)
Act 549 of 2008
390.1675 Budget.
Sec. 15.
The director of the authority shall submit a budget to the board for the operation of the authority for each fiscal year before the beginning of the fiscal year. The budget shall be prepared in the manner and contain the information required of municipal departments. After review by the board, the budget shall be submitted to the governing body. The governing body must approve the budget before the board may adopt the budget. Unless authorized by the governing body, funds of the eligible entity shall not be included in the budget of the authority.
History: 2008, Act 549, Imd. Eff. Jan. 13, 2009
