Michigan Compiled Laws

Mich. Comp. Laws § 41.72 (2026)

Fiscal year; commencement and termination; proportionate extension or reduction.

✓ current as of July 2026
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Revised Statutes of 1846


R.S. of 1846


41.72 Fiscal year; commencement and termination; proportionate extension or reduction.

Sec. 72.

    The fiscal year of a township may commence on July 1 of each year and end on the following June 30, or it may commence on April 1 of each year and end on the following March 31. If a budget has been adopted, an audit performed, or other actions or proceedings taken before July 1, based upon a fiscal year ending in March, the fiscal year shall be proportionately extended or reduced to coincide with the fiscal year as provided in this section without impairment of township functions, services, or activities.

History: R.S. 1846, Ch. 16 ;-- CL 1857, 564 ;-- CL 1871, 708 ;-- How. 746 ;-- CL 1897, 2345 ;-- Am. 1905, Act 149, Eff. Sept. 16, 1905 ;-- CL 1915, 2124 ;-- CL 1929, 1012 ;-- CL 1948, 41.72 ;-- Am. 1971, Act 159, Eff. Mar. 30, 1972 ;-- Am. 1978, Act 596, Imd. Eff. Jan. 4, 1979 ;-- Am. 1980, Act 291, Eff. Mar. 31, 1981 ;-- Am. 1989, Act 77, Imd. Eff. June 20, 1989

Notes of Decisions
Cited in 2 cases, 1966–2001 · leading case: Price v. Bloomfield Twp., 625 N.W.2d 790 (Mich. Ct. App. 2001).
Price v. Bloomfield Twp., 625 N.W.2d 790 (Mich. Ct. App. 2001). “The wcac further noted that Schave has been interpreted so as to require “affirmative proof of nonoccupational causation” or “positive proof of a cause independent of the employment,” citing 1A Larson, Workmen’s Compensation Law, § 41.72(a)(1), pp 7-664 — 7-666 (discussing the…”
Burton Twp. v. Speck, 144 N.W.2d 347 (Mich. 1966). “The duties of a township board are: (1) to meet annually (CL 1948, §41.72 [Stat Ann 1961 Eev § 5.64]), (2) to hold at least one regular meeting every three months (CLS 1961, § 41.”
— Mich. Comp. Laws § 41.72(a)(1) — 1 case
Price v. Bloomfield Twp., 625 N.W.2d 790 (Mich. Ct. App. 2001). “The wcac further noted that Schave has been interpreted so as to require “affirmative proof of nonoccupational causation” or “positive proof of a cause independent of the employment,” citing 1A Larson, Workmen’s Compensation Law, § 41.72(a)(1), pp 7-664 — 7-666 (discussing the…”
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