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. |
Mich. Admin. Code R. 460.2554