Bill Text: MI SB0691 | 2023-2024 | 102nd Legislature | Chaptered
Bill Title: Agriculture: associations and commissions; growth assessments audit requirements; modify. Amends sec. 8 of 1965 PA 232 (MCL 290.658).
Spectrum: Bipartisan Bill
Status: (Passed) 2024-06-25 - Assigned Pa 0060'24 With Immediate Effect [SB0691 Detail]
Download: Michigan-2023-SB0691-Chaptered.html
Act No. 60
Public Acts of 2024
Approved by the Governor
June 20, 2024
Filed with the Secretary of State
June 20, 2024
EFFECTIVE DATE: June 20, 2024
state of michigan
102nd Legislature
Regular session of 2024
Introduced by Senators Singh and Daley
ENROLLED SENATE BILL No. 691
AN ACT to amend 1965 PA 232, entitled “An act relating to the marketing of agricultural commodities or agricultural commodity inputs; to provide for marketing and research programs, agreements, referendums by producers, assessments on producers, and commodity committees; and to prescribe certain functions of the department of agriculture relative thereto including powers of enforcement of this act; and to prescribe remedies and penalties,” by amending section 8 (MCL 290.658), as amended by 2002 PA 601.
The People of the State of Michigan enact:
Sec. 8. (1) Money, assets, or other items of value collected or received under this act, whether collected from assessments, received as grants or gifts, or earned from royalties or license fees or derived from any activities performed by another organization, agency, or individual and conducted under a marketing program, are not state money and must be deposited in a financial institution in this state. The money must be allocated to the marketing program under which it is collected or received and be disbursed only for the necessary expenses incurred for the marketing program according to the rules established under the marketing program and for grants authorized under a marketing agreement or marketing program.
(2) Except as otherwise provided for in this subsection, all
expenditures must be audited by a certified public accountant at least annually
and not later than 30 days after completion of the audit, the certified public
accountant shall give copies of the audit to the members of the committee and
the director. An activity and financial report must be published annually and
made available to interested parties. A committee with annual collected
producer assessments of $40,000.00 or less, based on a 3-year average, must be
audited once in the second or third year between referenda. Nothing in this
subsection prevents the department from conducting oversight activities
authorized by this act.
This
act is ordered to take immediate effect.
Secretary of the Senate
Clerk of the House of Representatives
Approved___________________________________________
____________________________________________________
Governor
