§ 169.246Adjustments to dollar value floor and contribution limits; "consumer price

en · 1,430 chars · active
index" defined.
 Sec. 46.
    (1) At the beginning of every odd numbered year, the secretary of state shall recommend
 adjustments to and which shall be approved by the legislature of the dollar value floor for
 reporting of the name, address, occupation, and employer, or principal place of business of
 persons who make contributions pursuant to this act, on the basis of the consumer price index
 and the number of registered voters in the state.
    (2) Beginning January 1, 2019 and every 4 years thereafter, the secretary of state shall
 adjust the dollar value contribution limits provided in sections 52, 52a, and 69(1). The
 secretary of state shall adjust the limits in sections 52, 52a, and 69(1) by comparing the
 percentage increase or decrease in the consumer price index for the preceding August by the
 corresponding consumer price index 4 years earlier. The secretary of state shall multiply that
 percentage change by the amounts in sections 52, 52a, and 69(1). The secretary of state shall
 round up each dollar value adjustment made under this subsection to the nearest $25.00. The
 secretary of state shall announce the adjustments made under this subsection by December 15
 of each year.
    (3) As used in this section, "consumer price index" means the most comprehensive index of
 consumer prices available for the Detroit area from the bureau of labor statistics of the United
 States department of labor.

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