There is a newer version of the Michigan Compiled Laws
2011 Michigan Compiled Laws
Chapter 129 — PUBLIC FUNDS
Act 367 of 1982 — SURPLUS FUNDS INVESTMENT POOL ACT (129.111 - 129.118)
- Section 129.111 — Short title.
- Section 129.112 — Definitions.
- Section 129.113 — Placing surplus funds in investment pool; contract with financial institution.
- Section 129.114 — Contract between financial institution and local unit; required provisions.
- Section 129.115 — Maintaining separate account for each participant; monthly statement of transactions; report.
- Section 129.116 — Powers and duties of depository.
- Section 129.117 — Default in payment of principal, interest, or other income; remedies of depository.
- Section 129.118 — Act as additional authority for investment of surplus funds.
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