R 168.356 Cash or cash equivalents on hand following election; reporting.

Rule 6. (1) The cash on hand at the beginning of an accounting period must be part of the aggregate receipts for the next ensuing election, but need not be further itemized. (2) A committee shall not qualify for a reporting waiver if the committee has cash on hand in excess of the amount specified in section 24(5) or 24(6) of the act, MCL 169.224, as applicable to the committee. (3) As used in this rule and R 168.376, “cash” includes donations received by cash, credit card, or other electronic payment.