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Michigan Administrative Code (Last Updated: November 16, 2016) |
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Department LR. Licensing and Regulatory Affairs |
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Public Service Commission |
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Chapter Preservation of Records of Electric, Gas, And Water Utilities |
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Part 2. SCHEDULE OF RECORDS AND PERIODS OF RETENTION |
Section 460.2554. Collection reports and records; retention periods.
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Rule 54. The following collection reports and records shall be retained for the periods listed:
(a) ) Periodic reports, lists, and summaries of collections of operating revenues by collectors, agents, and local, regional, or district offices. (See rule 44(d)).
Destroy at option.
(b) Bill stubs, copies of bills, collection slips, and other records which pertain to collections that are summarized or detailed in daily or periodic cash reports.
6 months.
(c) ) Memorandum records of remittances from local or branch offices.
6 months.
Note: See rule 43 pertaining to deposits of cash with banks. Rule 43 applies to all bank accounts whether at general, local, or regional offices.
History: 1979 AC; 1980 AACS.