There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 38 - CIVIL SERVICE AND RETIREMENT
Act 314 of 1965 - PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT (38.1121 - 38.1140m)
Section 38.1139a - State treasurer as investment fiduciary; investments in private equity; limitation.
PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT (EXCERPT)Act 314 of 1965
38.1139a State treasurer as investment fiduciary; investments in private equity; limitation.
Sec. 19a.
If the investment fiduciary is the state treasurer, investments in private equity shall not be more than 30% of the total assets.
History: Add. 2008, Act 425, Imd. Eff. Jan. 6, 2009
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