PocketLaw | Michigan Compiled Laws | 20 of 1943 - Investment of

20 of 1943 - Investment of Surplus Funds of Political Subdivisions (129.91 - 129.97a)

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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.

Repealed. 1997, Act 196, Imd. Eff. Dec. 30, 1997.

Existing Investments Ratified and Validated.

Funds Accumulated Under Eligible Deferred Compensation Plan; Deposit; Investment; Existing Investments Ratified and Validated.

Investment Policy; Adoption by Governing Body.

Execution of Order to Purchase or Trade Funds of Public Corporation; Providing Copy of Investment Policy; Public Corporation Subject to Subsection (1); Report.

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.