Sec. 8.
This act shall be considered to provide authority for the investment of surplus funds of a local unit in addition to the authority granted under Act No. 20 of the Public Acts of 1943, as amended, being sections 129.91 to 129.93 of the Michigan Compiled Laws.
History: 1982, Act 367, Eff. Mar. 30, 1983
Structure Michigan Compiled Laws
Act 367 of 1982 - Surplus Funds Investment Pool Act (129.111 - 129.118)
Section 129.111 - Short Title.
Section 129.112 - Definitions.
Section 129.113 - Placing Surplus Funds in Investment Pool; Contract With Financial Institution.
Section 129.114 - Contract Between Financial Institution and Local Unit; Required Provisions.
Section 129.116 - Powers and Duties of Depository.
Section 129.118 - Act as Additional Authority for Investment of Surplus Funds.