There is a newer version of the Michigan Compiled Laws
2016 Michigan Compiled Laws
Chapter 129 - Public Funds
Act 121 of 1985 LOCAL GOVERNMENT INVESTMENT POOL ACT (129.141 - 129.150)
AN ACT to establish a local government investment pool; to prescribe the powers, duties, and liabilities of certain public officials in relation to an investment pool; to permit local units of government to invest surplus funds in an investment pool; and to prescribe the powers and duties of certain state agencies.
History: 1985, Act 121, Imd. Eff. July 31, 1985
- Section 129.141 Short title.
- Section 129.142 Definitions.
- Section 129.143 Contracts between participating county and local units; local government investment pool; management, investment, and reinvestment.
- Section 129.144 Authorization by resolution.
- Section 129.145 Written contract required; uniformity and contents of contract; filing and approval of proposed uniform contract; filing copies of and amendments to uniform contract.
- Section 129.146 Standard of judgment and care.
- Section 129.147 Separate accounts.
- Section 129.148 Safekeeping depositories; security.
- Section 129.149 Default; powers of treasurer.
- Section 129.150 Orders or warrants; limitation; liability for overdraft.
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