There is a newer version of the Michigan Compiled Laws
2015 Michigan Compiled Laws
Chapter 141 - Municipal Financing
Act 187 of 2014 MICHIGAN SETTLEMENT ADMINISTRATION AUTHORITY ACT (141.1601 - 141.1611)
AN ACT to create the Michigan settlement administration authority; to provide for the operation of the authority; to create certain funds; to authorize the resolution of certain potential claims against the state; to prescribe the powers and duties of the authority and certain other state officials and state employees; and to make certain appropriations.
History: 2014, Act 187, Imd. Eff. June 20, 2014
- Section 141.1601 Short title.
- Section 141.1602 Legislative findings and declarations.
- Section 141.1603 Definitions.
- Section 141.1604 Michigan settlement administration authority; creation; authority as state institution; appropriation.
- Section 141.1605 Authority; exercise of duties; performance of administrative functions.
- Section 141.1606 Board of directors; membership; compensation; travel and expenses; quorum; vote; members subject to MCL 15.321 to 15.330 and MCL 15.301 to 15.310; discharge of duties.
- Section 141.1607 Settlement administration fund; creation; deposit of money or other assets; investment; interest and earnings; money remaining at close of fiscal year; expenditure.
- Section 141.1608 Disbursement to retirement systems; conditions; return of money to countercyclical budget and economic stabilization fund; dissolution of authority.
- Section 141.1609 Public and governmental purpose.
- Section 141.1610 State contribution; obligation.
- Section 141.1611 Liability.
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