 |
Michigan Administrative Code (Last Updated: November 16, 2016) |
 |
Department LR. Licensing and Regulatory Affairs |
|
Public Service Commission |
|
Chapter Preservation of Records of Electric, Gas, And Water Utilities |
|
Part 2. SCHEDULE OF RECORDS AND PERIODS OF RETENTION |
Section 460.2542. Statements of funds and deposits: retention periods.
All data is extracted from pdf, click here to view the pdf.
-
Rule 42. The following fund and deposit statement records shall be retained for the periods listed:
(a) ) Summaries and periodic statements of cash balances on hand and with depositories.
Destroy at option.
(b) Statement of manager and agent cash balances on hand and with depositories.
Destroy at option.
(c) Authorizations for and statements of the transfer of funds from one depository to another.
Destroy at option.
(d) Requisitions and receipts for funds furnished to managers, agents, and others.
Destroy at option after funds have been returned or accounted for.
(e) ) Records of fidelity bonds of employees and others responsible for funds of the utility.
Until liability of bonding company has expired.
(f) ) Reports and estimates of funds required for general and special purposes.
Destroy at option.
History: 1979 AC; 1980 AACS.