MI HB5433

Amends the State Treasurer's duties regarding accounts at banks and depositories where state money is kept or deposited to require itemization in the state treasurer's regular office books.

Expands the definition of "bank or other depository" to include the Community Bank of Michigan established under the Bank of Michigan Act.

Requires the state treasurer to include descriptions of all interest owed to the state from banks or other depositories in the regular office books, including the account description and time period in which interest accrued.

Takes effect 90 days after enactment, contingent upon passage of Senate Bill No. ____ or House Bill No. 5431 (tie-bar provision).