Placing Surplus Funds in Investment Pool; Contract With Financial Institution.

  1. Law
  2. Michigan Compiled Laws
  3. Public Funds
  4. 367 of 1982 - Surplus Funds Investment Pool Act (129.111 - 129.118)
  5. Placing Surplus Funds in Investment Pool; Contract With Financial Institution.

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Sec. 3.

The governing body of a local unit may enter into a contract with a financial institution to place surplus funds in an investment pool.

History: 1982, Act 367, Eff. Mar. 30, 1983


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