2006 Michigan Compiled Laws - Act 190 of 1991


STATE EMPLOYEE PAYROLL DEDUCTION PROGRAM

Act 190 of 1991

AN ACT to provide for the direct deposit of state employee payrolls, state university payments, and state retirement benefit payments into financial institutions; to allow any financial institution to participate in a state employee payroll deduction program; and to prescribe the powers and duties of certain state agencies and officials.


History: 1991, Act 190, Imd. Eff. Dec. 27, 1991




The People of the State of Michigan enact:

DocumentDescription
Section 487.2101Definitions.
Section 487.2102Enrollment in distribution system for direct deposit of retirement benefit with financial institution; electronic fund transfer of state college and university payments.
Section 487.2103Establishment of criteria and distribution system for participation by financial institution.
Section 487.2104Rules; participation prohibited under certain conditions.
Section 487.2105Fee; limitation; prohibition.

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