Mich. Admin. Code R. 169.34
Current through Vol. 24-19, November 1, 2024
Rule 34. The value of an in-kind contribution is the amount which could usually be received in the open market for goods and services. The value of an in-kind contribution which is loaned or permitted to be used is the fair market rental value of the item or services. A committee which is charged less than the fair market value or fair rental value of an item or services shall report the difference between the amount charged and the fair market value or fair rental value as an in-kind contribution.
Mich. Admin. Code R. 169.34