There Is a Newer Version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 129 — PUBLIC FUNDS
Act 20 of 1943 — INVESTMENT OF SURPLUS FUNDS OF POLITICAL SUBDIVISIONS (129.91 - 129.97a)
- Section 129.91 — Investment of funds of public corporation; eligible depository; secured deposits; funds limitation on acceptable assets; pooling or coordinating funds; written agreements; investment in certificate of deposit; conditions; financial institution defined; additional definitions.
- Section 129.92 — Repealed. 1997, Act 196, Imd. Eff. Dec. 30, 1997.
- Section 129.93 — Existing investments ratified and validated.
- Section 129.94 — Funds accumulated under eligible deferred compensation plan; deposit; investment; existing investments ratified and validated.
- Section 129.95 — Investment policy; adoption by governing body.
- Section 129.96 — Execution of order to purchase or trade funds of public corporation; providing copy of investment policy; public corporation subject to subsection (1); report.
- Section 129.97 — Long-term or perpetual trust fund; investment of assets; resolution authorizing investment officer same authority as investment fiduciary under MCL 38.1132 to 38.1140m; conditions.
- Section 129.97a — Investment of assets of special revenue fund by investment officer; resolution granting authority; annual special revenue fund report.
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