Section 432.214 - Audit of license operations. - Michigan Statutes

MICHIGAN GAMING CONTROL AND REVENUE ACT (EXCERPT)
Initiated Law 1 of 1996

432.214 Audit of license operations.

Sec. 14.

Within 30 days after the end of each quarter of each fiscal year each casino licensee shall transmit to the board and to the city an audit of the financial condition of the licensee's total operations. All audits shall be conducted by a certified public accountant in a manner and form prescribed by the board. Each certified public accountant shall be registered in the state of Michigan under article 7 of the occupational code, 1980 PA 299, MCL 339.701 to 339.715. The compensation for each certified public accountant shall be paid directly by the licensee to the certified public accountant.

History: 1996, Initiated Law 1, Eff. Dec. 5, 1996 ;-- Am. 1997, Act 69, Imd. Eff. July 17, 1997
Popular Name: Proposal E