Michigan HB4773 mandates annual audits of SOAR program funds to ensure unspent money is returned to the general fund.
Michigan HB4773 requires the auditor general to conduct an annual audit and examination of each disbursement of money for a SOAR program or SOAR project. The audit must determine if any unspent money for a SOAR project must be repaid to the strategic fund, if a SOAR project has been canceled or placed on hold, and if any money for a SOAR project has reverted to the general fund.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.