R 4.509

R 4.509 Burden of justifying fair market value determination.

Last amended: 2025Year: 2026Length: 51 wordsOfficial source

Cite as Mich. Admin. Code R 4.509

Rule 9. (1) The lobbyist bears the burden of providing evidence of the fair market value assigned to an item or service. (2) The lobbyist shall submit evidence supporting the fair market value determination relevant to any financial transaction required to be reported under section 8(1)(c) of the act, MCL 4.418.