HOUSE BILL No. 4718 April 30, 1997, Introduced by Reps. Law, Galloway, Llewellyn and Rhead and referred to the Committee on House Oversight and Ethics. A bill to amend the Initiated Law of 1996, entitled "Michigan gaming control and revenue act," by amending section 14 (MCL 432.14). THE PEOPLE OF THE STATE OF MICHIGAN ENACT: 1 SEC. 14.Section 14. Audit of License Operations.Within 2 90 days after the end of each quarter of each fiscal year, A 3 CASINO LICENSEE SHALL HAVE A CERTIFIED PUBLIC ACCOUNTANT WHO IS 4 APPROVED BY THE BOARD CONDUCT an audit of the financial transac- 5 tions and conditions of the licensee's total operations.shall6be conducted by the legislative auditor general.Thecost of7 LICENSEE SHALL PAY FOR the audit.shall be paid for by the8licensee. Additionally, theTHE city IN WHICH THE CASINO IS 9 LOCATED may ALSO CONDUCT AN audit.through its' own personnel.03251'97 Final page. VPW