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2019 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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