Michigan Compiled Laws
Chapter 21 - Budget and State Accounts
Act 105 of 1855 - Surplus Funds in Treasury (21.141 - 21.147)

Section 21.141 - Loan to Eligible Municipality; Approval; Compliance; Warrant; Limitation on Total Amount of Loans; Sale, Assignment, Transfer, or Repurchase of Loans; "Board" Defined. - Sec. 1. (1) The state treasurer shall make a loan...

Section 21.142 - Repealed. 2006, Act 228, Imd. Eff. June 26, 2006. - Compiler's Notes: The repealed section pertained to use of surplus...

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; Ter... - Sec. 2a. (1) The state treasurer may invest surplus funds...

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 Treasur... - Sec. 2b. (1) The state treasurer may invest surplus funds...

Section 21.142c - Investment of Surplus Funds; Public Purpose; Earnings; Losses; Limitation. - Sec. 2c. (1) The state treasurer may invest surplus funds...

Section 21.142d - Investment of Surplus Funds to Facilitate Marina Dredging Loans. - Sec. 2d. (1) The state treasurer may invest surplus funds...

Section 21.142e - Loan of Surplus Funds to Sugar Beet Growers' Cooperative. - Sec. 2e. (1) The state treasurer may loan not more...

Section 21.142f - Investment in Loans to Land Bank Fast Track Authority or Brownfield Redevelopment Authority; Terms; Definitions. - Sec. 2f. (1) The state treasurer may invest surplus funds...

Section 21.143 - 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; Reducti... - Sec. 3. (1) A financial institution shall not be a...

Section 21.144 - Liability of State Treasurer and His or Her Bail; Loans Not Subject to Certain Acts. - Sec. 4. (1) Nothing contained in this act shall be...

Section 21.145 - Compliance With Divestment From Terror Act. - Sec. 5. The state treasurer shall comply with the divestment...

Section 21.146 - 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. - Sec. 6. (1) If a financial institution is found by...

Section 21.147 - Definitions. - Sec. 7. As used in this act: (a) “Commissioner” means...