Michigan Compiled Laws
Chapter 129 - Public Funds
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Section 129.92 - Repealed. 1997, Act 196, Imd.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 - Compiler's Notes: The repealed section pertained to investment of sinking...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...