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. shall 6 be conducted by the legislative auditor general. The cost of 7 LICENSEE SHALL PAY FOR the audit. shall be paid for by the 8 licensee. Additionally, the THE city IN WHICH THE CASINO IS 9 LOCATED may ALSO CONDUCT AN audit. through its' own personnel. 03251'97 Final page. VPW