Michigan Administrative Code
Department - Licensing and Regulatory Affairs
Public Service Commission
Preservation of Records of Electric, Gas, And Water Utilities
Part 2 - SCHEDULE OF RECORDS AND PERIODS OF RETENTION
Section R. 460.2554 - Collection reports and records; retention periods
Universal Citation: MI Admin Code R. 460.2554
Current through Vol. 24-16, September 15, 2024
Rule 54. The following collection reports and records shall be retained for the periods listed:
| (a) Periodic reports, lists, and summaries of collections of operating revenues by collectors, agents, and local, regional, or district offices. (See rule 44(d)). | Destroy at option. |
| (b) Bill stubs, copies of bills, collection slips, and other records which pertain to collections that are summarized or detailed in daily or periodic cash reports. | 6 months. |
| (c) Memorandum records of remittances from local or branch offices. | 6 months. |
| Note: See rule 43 pertaining to deposits of cash with banks. Rule 43 applies to all bank accounts whether at general, local, or regional offices. |
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