MI SB0691

Modifies audit requirements for agricultural commodity marketing committees under the 1965 Agricultural Marketing Act by reducing audit frequency for smaller committees.

Committees with annual collected producer assessments of $40,000 or less (based on a 3-year average) must be audited once in the second or third year between referenda instead of annually.

Requires certified public accountant audits to be completed and copies provided to committee members and the department director within 30 days.

Mandates annual activity and financial reports be published and made available to interested parties.

Took effect immediately upon Governor approval on June 20, 2024.