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Act 40 of 1932 (1st Ex. Sess.) - Depositories for Public Moneys (129.11 - 129.16)
Section 129.11 - Public Money; Definition. - Sec. 1. Except as otherwise provided by law, money collected...
Section 129.12 - Resolution Providing for Designation and Deposit of Public Money; Financial Institution Requirements; Limitation on Acceptable Assets; Conduct of Proceedings; Designation of Depositories; Deposit of Funds; Liability. - Sec. 2. (1) The governing body of a local public...
Section 129.13 - Repealed. 1997, Act 31, Imd. Eff. June 19, 1997. - Compiler's Notes: The repealed section pertained to prohibited security.
Section 129.14 - Deposit or Investment of Additional Money; Cash Control Ledger; Limitation. - Sec. 4. (1) Notwithstanding section 2, additional money collected or...
Section 129.15 - Repealed. 2018, Act 462, Eff. Mar. 29, 2019. - Compiler's Notes: The repealed section pertained to definition of deposit.
Section 129.16 - Definitions. - Sec. 6. As used in this act: (a) "Deposit" includes...
Act 95 of 1935 - Relief From Liability for Funds in Designated Depository (129.21 - 129.23)
Section 129.21 - Tax Collectors Relieved From Liability for Funds in a Designated Depository. - Sec. 1. All tax collectors and former tax collectors of...
Section 129.22 - Fee Collectors Relieved From Liability for Funds in a Designated Depository. - Sec. 2. All fee collectors and former fee collectors of...
Section 129.23 - Public Officials Relieved From Liability for Funds in a Designated Depository. - Sec. 3. All officers of the state of Michigan or...
Act 321 of 1909 - Deposit and Safeguarding of Public Moneys of Village (129.41 - 129.45)
Section 129.41 - Public Funds of Incorporated Village; Deposit; Secured Deposits; Limitation on Acceptable Assets; Warrants and Orders; Profits; Liability for Loss; Ordinance or Resolution; Conduct and Inspection of Proceedings; Accrual of Profits to... - Sec. 1. (1) The legislative body of an incorporated village...
Section 129.42 - Security for Deposit Prohibited. - Sec. 2. Security in the form of collateral, surety bonds,...
Section 129.43 - Limitation on Deposit of Additional Public Funds. - Sec. 3. Notwithstanding section 1(1), additional public funds of an...
Section 129.44 - “Deposit” Defined. - Sec. 4. As used in this act, “deposit” includes the...
Section 129.45 - “Financial Institution” Defined. - Sec. 5. As used in this act, “financial institution” means...
Act 19 of 1934 (1st Ex. Sess.) - Bonds of Public Officials; Liability of Sureties (129.51 - 129.51)
Section 129.51 - Bonds of Public Officials, Deputies, Assistants; Liability of Sureties. - Sec. 1. If any officer of the state, or any...
Act 94 of 1929 - Misappropriation of Public Funds (129.61 - 129.61)
Section 129.61 - Misappropriation of Public Moneys; Suit by Taxpayer. - Sec. 1. Any person or persons, firm or corporation, resident...
Act 70 of 1933 - Investment of Public Moneys in u.s. Securities (129.71 - 129.71)
Section 129.71 - Investment of Public Moneys Received by County Treasurer and Board of County Road Commissioners. - Sec. 1. The board of supervisors of any county, or...
Act 23 of 1934 (1st Ex. Sess.) - Investment in Bonds of Home Owners' Loan Corporation and of Federal Home Loan Banks (129.81 - 129.83)
Section 129.81 - Investment in Bonds of Home Owners' Loan Corporation, Federal Home Loan Bank, or Financial Institution; Secured Deposits; Limitation on Acceptable Assets; “Financial Institution” Defined. - Sec. 1. (1) This state and any of its departments...
Section 129.82 - Public Funds; Deposit as Security. - Sec. 2. Wherever depositories of public or other funds are...
Section 129.83 - Construction of Act. - Sec. 3. This act shall be construed as supplemental to...
Act 20 of 1943 - Investment of Surplus Funds of Political Subdivisions (129.91 - 129.97a)
Section 129.91 - 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... - Sec. 1. (1) Except as provided in section 5, the...
Section 129.92 - Repealed. 1997, Act 196, Imd. Eff. Dec. 30, 1997. - Compiler's Notes: The repealed section pertained to investment of sinking...
Section 129.93 - Existing Investments Ratified and Validated. - Sec. 3. Investments made before the effective date of the...
Section 129.94 - Funds Accumulated Under Eligible Deferred Compensation Plan; Deposit; Investment; Existing Investments Ratified and Validated. - Sec. 4. (1) As used in this section: (a) “Eligible...
Section 129.95 - Investment Policy; Adoption by Governing Body. - Sec. 5. (1) Not more than 180 days after the...
Section 129.96 - Execution of Order to Purchase or Trade Funds of Public Corporation; Providing Copy of Investment Policy; Public Corporation Subject to Subsection (1); Report. - Sec. 6. (1) Subject to subsection (2), before executing an...
Section 129.97 - 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. - Sec. 7. Notwithstanding any law or charter provision to the...
Section 129.97a - Investment of Assets of Special Revenue Fund by Investment Officer; Resolution Granting Authority; Annual Special Revenue Fund Report. - Sec. 7a. (1) Notwithstanding any law or charter to the...
Act 32 of 1956 - Facsimile Signatures (129.101 - 129.101)
Section 129.101 - Deposited Public Funds; Facsimile Signatures on Checks or Orders for Payment of Money. - Sec. 1. Moneys on deposit in any duly designated depository...
Act 367 of 1982 - Surplus Funds Investment Pool Act (129.111 - 129.118)
Section 129.111 - Short Title. - Sec. 1. This act shall be known and may be...
Section 129.112 - Definitions. - Sec. 2. (1) As used in this act: (a) “Depository”...
Section 129.113 - Placing Surplus Funds in Investment Pool; Contract With Financial Institution. - Sec. 3. The governing body of a local unit may...
Section 129.114 - Contract Between Financial Institution and Local Unit; Required Provisions. - Sec. 4. Before surplus funds are placed in an investment...
Section 129.115 - Maintaining Separate Account for Each Participant; Monthly Statement of Transactions; Report. - Sec. 5. The depository shall maintain for each participant a...
Section 129.116 - Powers and Duties of Depository. - Sec. 6. (1) The depository shall manage, invest, and reinvest...
Section 129.117 - Default in Payment of Principal, Interest, or Other Income; Remedies of Depository. - Sec. 7. If a default occurs in the payment of...
Section 129.118 - Act as Additional Authority for Investment of Surplus Funds. - Sec. 8. This act shall be considered to provide authority...
Act 56 of 1962 - Bond Cremation Act (129.121 - 129.125)
Section 129.121 - Short Title; Bond Cremation Act. - Sec. 1. This act shall be known and may be...
Section 129.122 - Bond Cremation Act; Definitions. - Sec. 2. As used in this act: (a) “Public corporation”...
Section 129.123 - Cremation or Disintegration of Public Obligations or Interest Coupons. - Sec. 3. Subject to the provisions of this act, the...
Section 129.124 - Public Bonds and Interest Coupons; Certificate of Cremation, Contents, Filing. - Sec. 4. Where obligations and interest coupons are cremated by...
Section 129.125 - Public Bonds and Interest Coupons; Obligations Not Considered Public Records. - Sec. 5. The powers conferred by this act shall be...
Act 354 of 1972 - Replacing or Paying Obligations of Public Corporation (129.131 - 129.135)
Section 129.131 - Definitions. - Sec. 1. As used in this act: (a) “Paying agent”...
Section 129.132 - Replacement Obligations; Prerequisites to Issuance; Exercise of Powers by Paying Agent; Resolution; Execution; Seal. - Sec. 2. (1) A public corporation, by resolution of the...
Section 129.133 - Replacement Obligations; Form; Security; Execution; Formal Requirements; Indorsement. - Sec. 3. A replacement obligation shall be of the same...
Section 129.134 - Replacement of Unmatured Interest Coupons; Payment of Matured Interest Coupons. - Sec. 4. The governing body may provide for replacement of...
Section 129.135 - Repealed. 2000, Act 117, Imd. Eff. May 26, 2000. - Compiler's Notes: The repealed section pertained to the authority of...
Act 121 of 1985 - Local Government Investment Pool Act (129.141 - 129.150)
Section 129.141 - Short Title. - Sec. 1. This act shall be known and may be...
Section 129.142 - Definitions. - Sec. 2. As used in this act: (a) “Governing body”...
Section 129.143 - Contracts Between Participating County and Local Units; Local Government Investment Pool; Management, Investment, and Reinvestment. - Sec. 3. (1) A participating county may contract to accept...
Section 129.144 - Authorization by Resolution. - Sec. 4. (1) A county treasurer shall not enter into...
Section 129.145 - Written Contract Required; Uniformity and Contents of Contract; Filing and Approval of Proposed Uniform Contract; Filing Copies of and Amendments to Uniform Contract. - Sec. 5. (1) Until the participating county treasurer and the...
Section 129.146 - Standard of Judgment and Care. - Sec. 6. The treasurer of a participating county shall invest...
Section 129.147 - Separate Accounts. - Sec. 7. The treasurer of a participating county shall maintain...
Section 129.148 - Safekeeping Depositories; Security. - Sec. 8. (1) The treasurer of a participating county may...
Section 129.149 - Default; Powers of Treasurer. - Sec. 9. If a default occurs in the payment of...
Section 129.150 - Orders or Warrants; Limitation; Liability for Overdraft. - Sec. 10. An order or warrant shall not be issued...
Act 470 of 2002 - Agency Financing Reporting Act (129.171 - 129.177)
Section 129.171 - Short Title. - Sec. 1. This act shall be known and may be...
Section 129.173 - Definitions. - Sec. 3. As used in this act: (a) “Agency” means...
Section 129.175 - Bulletins; Issuance by Department. - Sec. 5. The department may issue bulletins as necessary to...
Section 129.177 - Filing; Form; Manner; Noncompliance; Electronic Format. - Sec. 7. (1) Within 15 business days of completing the...
Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)
Section 129.201 - Bonds of Principal Contractor on Public Building, Work, or Improvement; Irrevocable Letter of Credit. - Sec. 1. Before any contract, exceeding $50,000.00 for the construction,...
Section 129.202 - Performance Bond; Amount; Condition; Purpose. - Sec. 2. The performance bond shall be in an amount...
Section 129.203 - Payment Bond; Amount; Purpose. - Sec. 3. The payment bond shall be in an amount...
Section 129.204 - Bond, Surety, Obligee. - Sec. 4. A bond shall be executed by a surety...
Section 129.205 - Filing of Bond. - Sec. 5. The bonds shall be filed in the office...
Section 129.206 - Public Works, Contractor's Bond; Definitions. - Sec. 6. A “claimant” means a person having furnished labor,...
Section 129.207 - Enforcement of Claims; Notice of Supplier to Principal Contractor or Governmental Unit; Payment to Subcontractor. - Sec. 7. A claimant who has furnished labor or material...
Section 129.208 - Copies of Bonds and Contracts; Fees. - Sec. 8. The agent in charge of the office of...
Section 129.209 - Venue; Statute of Limitations. - Sec. 9. An action instituted on the payment bond shall...
Section 129.210 - Application of Statute. - Sec. 10. This act shall not apply to any contract...
Section 129.211 - Repeal; Restriction on Other Statute. - Sec. 11. Section 64 of Act No. 59 of the...
Section 129.212 - Act Inapplicable to Contracts Awarded Under MCL 280.1 to 280.630. - Sec. 12. This act does not apply to a contract...
Act 280 of 1995 - Financial Transaction Device Payments (129.221 - 129.224)
Section 129.221 - Definitions. - Sec. 1. As used in this act: (a) “Credit card”...
Section 129.222 - Acceptance of Payment by Financial Transaction; Prohibition. - Sec. 2. A local unit shall not accept a payment...
Section 129.223 - Adoption of Resolution; Determination of Acceptable Financial Transaction Devices. - Sec. 3. (1) Before a local unit accepts a payment...
Section 129.224 - Authority of Courts Not Affected. - Sec. 4. This act does not affect the authority of...
Act 266 of 1995 - Credit Card Transactions (129.241 - 129.247)
Section 129.241 - Definitions. - Sec. 1. As used in this act: (a) “Budget” means...
Section 129.242 - Credit Card Arrangement; Use of Credit Cards. - Sec. 2. (1) Subject to sections 3 and 5, the...
Section 129.243 - Adoption of Resolution; Written Policy; Provisions. - Sec. 3. A local unit shall not be a party...
Section 129.244 - Total Combined Authorized Credit Limit; Limitation; Payment of Balance, Annual Fee, and Interest. - Sec. 4. (1) The total combined authorized credit limit of...
Section 129.245 - Limiting or Suspending Authority to Issue and Use Credit Cards; Issuance of Order; Hearing. - Sec. 5. After a hearing conducted under the administrative procedures...
Section 129.246 - Validity of Credit Card Arrangement Before Effective Date of Act. - Sec. 6. A credit card arrangement entered into by a...
Section 129.247 - Effective Date. - Sec. 7. This act shall take effect 6 months after...
Act 226 of 2005 - Michigan Tobacco Settlement Finance Authority Act (129.261 - 129.279)
Section 129.261 - Short Title. - Sec. 1. This act shall be known and may be...
Section 129.262 - Legislative Findings and Declaration. - Sec. 2. The legislature finds and declares the following: (a)...
Section 129.263 - Definitions. - Sec. 3. As used in this act: (a) "Ancillary facility"...
Section 129.264 - Michigan Tobacco Settlement Finance Authority; Creation; Separate Legal Entity; Issuance of Bonds Generally. - Sec. 4. (1) The Michigan tobacco settlement finance authority is...
Section 129.265 - Authority; Duties; Administrative Functions. - Sec. 5. The authority shall exercise its duties independently of...
Section 129.266 - Board of Directors; Membership; Terms; Vacancy; Compensation; Reimbursement; Chairperson; Quorum; Vote; Agents and Employees; Discharge of Duties by Member, Officer, Employee, or Agent; Independent Public Financial Advisor. - Sec. 6. (1) The authority shall exercise its duties through...
Section 129.267 - Powers of Authority. - Sec. 7. The authority shall have all of the following...
Section 129.268 - Sale of State's Tobacco Receipts; Terms; Agreement; Refunding, Refinancing, and Sale of Residual Interests; Purchase Price; Remedies; Approval by Resolution Adopted by State Administrative Board; Absolute Transfer; Limitation on Use... - Sec. 8. (1) The state budget director with the approval...
Section 129.269 - Obligations. - Sec. 9. The issuance of bonds and the execution of...
Section 129.270 - Creation of Authority; Purpose as Public and Governmental; Property and Income Exempt From Tax; Interest. - Sec. 10. (1) It is determined that the creation of...
Section 129.271 - Duties of State Before Payment or Discharge of Bonds and Ancillary Facilities. - Sec. 11. (1) This state hereby pledges and agrees with...
Section 129.272 - Effect of Bonds Issued Under Act. - Sec. 12. Notwithstanding any restriction contained in any other law,...
Section 129.273 - Dissolution of Authority. - Sec. 13. The authority may be dissolved by act of...
Section 129.274 - Construction of Act. - Sec. 14. This act and all powers granted hereby shall...
Section 129.275 - Availability of Funds. - Sec. 15. Subject to any agreements with bondholders, the authority...
Section 129.276 - Report. - Sec. 16. The authority shall submit an annual report no...
Section 129.277 - Appropriation. - Sec. 17. (1) One million dollars is appropriated from the...
Section 129.278 - Legal Jurisdiction. - Sec. 18. Except as otherwise provided in this section, any...
Section 129.279 - Severability. - Sec. 19. This act is declared to be severable. If...
Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)
Section 129.291 - Short Title. - Sec. 1. This act shall be known and may be...
Section 129.292 - Definitions. - Sec. 2. As used in this act: (a) "Active business...
Section 129.293 - Scrutinized Companies; Identification by Fiduciary. - Sec. 3. Within 90 days after the effective date of...
Section 129.294 - Scrutinized Companies; Assembly Into List; Modification; Procedure to Be Adhered to by Fiduciary. - Sec. 4. (1) At the end of the 90-day period...
Section 129.295 - Internet Website; Collection and Publication of Information. - Sec. 5. The department of treasury shall collect and publish...
Section 129.296 - Exemption From Conflicting Statutory or Common Law Obligations. - Sec. 6. (1) With respect to actions taken in compliance...
Section 129.297 - Severability. - Sec. 7. If any provision, section, subsection, sentence, clause, phrase,...
Section 129.298 - Business With Sudan; Fiduciary Subject to Provisions of Public Employee Retirement System Investment Act. - Sec. 8. If a scrutinized company does business with the...
Section 129.299 - Business With Iran; Fiduciary Subject to Provisions of Public Employee Retirement System Investment Act. - Sec. 9. If a scrutinized company does business with the...
Section 129.300 - Applicability of Act; Dates; Extension. - Sec. 10. (1) If a state sponsor of terror is...
Section 129.301 - Divestment of Funds; Recommendations of Department of Treasury. - Sec. 11. Not later than October 1, 2010 and October...
Act 517 of 2012 - Iran Economic Sanctions Act (129.311 - 129.316)
Section 129.311 - Short Title. - Sec. 1. This act shall be known and may be...
Section 129.312 - Definitions. - Sec. 2. As used in this act: (a) "Energy sector...
Section 129.313 - Ineligibility of Iran Linked Business to Submit Request for Proposal Bid; Certification. - Sec. 3. (1) Beginning April 1, 2013, an Iran linked...
Section 129.314 - Effect of False Certification. - Sec. 4. If a public entity determines, using credible information...
Section 129.315 - Civil Action; Penalty. - Sec. 5. The attorney general may bring a civil action...
Section 129.316 - Conditional Effect. - Sec. 6. The provisions of this act are effective only...