PocketLaw | Michigan Compiled Laws | 105 of 1855 - Surplus Funds in

105 of 1855 - Surplus Funds in Treasury (21.141 - 21.147)

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Loan to Eligible Municipality; Approval; Compliance; Warrant; Limitation on Total Amount of Loans; Sale, Assignment, Transfer, or Repurchase of Loans; "Board" Defined.

Repealed. 2006, Act 228, Imd. Eff. June 26, 2006.

Section
21.142a

Investment of Surplus Funds; Conditions and Restrictions; Valid Public Purpose; Approval of Documentation; Agricultural Loans; Disposition of Earnings; Reducing General Fund by Amount of Interest Deficiency or Loss of Principal; Terms of Certain Investments; Compliance; Separate Reports; Definitions; Value of Qualified Agricultural Loans; Deduction of Grant; Use of Existing Deposits for Loans to Farmers; Appropriation; Reduction of Maximum Amount of Investments; Effect of Money Not Invested for Qualified Agricultural Loans; Action to Ensure Successful Operation of Section; Disposition of Affidavit; Use of Federal Grant.

Section
21.142b

Investment of Surplus Funds; Terms and Conditions; Valid Public Purpose; Investment Agreement; Amount of Investment; Earnings; List of Eligible Projects; Conditions to Approval of Eligible Project; Duty of Director and State Treasurer; Definitions; Effect of General Obligation Bonds; Use of Bond Proceeds to Promote Solid Waste Management.

Section
21.142c

Investment of Surplus Funds; Public Purpose; Earnings; Losses; Limitation.

Section
21.142d

Investment of Surplus Funds to Facilitate Marina Dredging Loans.

Section
21.142e

Loan of Surplus Funds to Sugar Beet Growers' Cooperative.

Section
21.142f

Investment in Loans to Land Bank Fast Track Authority or Brownfield Redevelopment Authority; Terms; Definitions.

Financial Institution as Depository of Surplus Funds; Compliance; Location of Principal Office; Security; Rate of Return; Investment and Use of Surplus Funds; Disposition of Earnings From Loans; Loss of Principal or Interest; Reduction of Earnings; Investment in Securities of No-Load Open-End or Closed-End Management Type Investment Company or Investment Trust.

Liability of State Treasurer and His or Her Bail; Loans Not Subject to Certain Acts.

Compliance With Divestment From Terror Act.

Illegal Discriminatory Lending Practice; Determination Regarding Deposit of Additional Surplus Funds; Considerations; Commencement Date and Duration of Prohibition; Determination Subject to MCL 24.201 Et Seq.

Definitions.