There is a newer version of the Michigan Compiled Laws
2016 Michigan Compiled Laws
Chapter 129 - Public Funds
Act 99 of 1909 DEPOSITORIES FOR PUBLIC MONEYS (129.31 - 129.40)
AN ACT authorizing the county board of commissioners or the board of auditors in those counties having a board of county auditors, to designate a depository or depositories of public moneys received by county treasurers; prescribing the duties of certain officers; and prescribing penalties.
History: 1909, Act 99, Eff. Sept. 1, 1909 ;-- Am. 1911, Act 212, Eff. Aug. 1, 1911 ;-- Am. 1979, Act 86, Imd. Eff. Aug. 1, 1979
- Section 129.31 Deposit of money, drafts, or checks in designated financial institution; keeping sum on hand in treasurer's office; interest; secured deposits; limitation on acceptable assets.
- Section 129.32 Notices soliciting sealed bids for deposit of public funds; designation of financial institution; period; rejection of bids; contract with financial institution; bond; surety; drawing on funds; requesting or advertising for bids outside of county; resolution.
- Section 129.33 Bond.
- Section 129.34 Disposition of interest money.
- Section 129.35 Additional bonds.
- Section 129.36 Withdrawal of deposits; suspending payment of deposits; liability.
- Section 129.36a Deposit of additional county funds; limitation.
- Section 129.37 Board of county auditors; powers and duties.
- Section 129.37a “Deposit” defined.
- Section 129.38 County treasurer; accounts with banks.
- Section 129.38a “Interest” defined.
- Section 129.39 Violation of act; penalty.
- Section 129.40 “Financial institution” defined.
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