There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 124 - MUNICIPALITIES
Act 738 of 2002 - ELECTRONIC TRANSACTIONS OF PUBLIC FUNDS (124.301 - 124.305)
Section 124.302 - ACH arrangement; scope.
ELECTRONIC TRANSACTIONS OF PUBLIC FUNDS (EXCERPT)Act 738 of 2002
124.302 ACH arrangement; scope.
Sec. 2.
(1) The treasurer or the ETO of a local unit may enter into an ACH arrangement as provided by this act.
(2) An ACH arrangement under this act is not subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821, or to provisions of law or charter concerning the issuance of debt by a local unit.
History: 2002, Act 738, Imd. Eff. Dec. 30, 2002
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