Michigan Compiled Laws
Act 187 of 2014 - Michigan Settlement Administration Authority Act (141.1601 - 141.1611)
Section 141.1601 - Short Title.

Sec. 1.
This act shall be known and may be cited as the "Michigan settlement administration authority act".
History: 2014, Act 187, Imd. Eff. June 20, 2014

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 141 - Municipal Financing

Act 187 of 2014 - Michigan Settlement Administration Authority Act (141.1601 - 141.1611)

Section 141.1601 - Short Title.

Section 141.1602 - Legislative Findings and Declarations.

Section 141.1603 - Definitions.

Section 141.1604 - Michigan Settlement Administration Authority; Creation; Authority as State Institution; Appropriation.

Section 141.1605 - Authority; Exercise of Duties; Performance of Administrative Functions.

Section 141.1606 - Board of Directors; Membership; Compensation; Travel and Expenses; Quorum; Vote; Members Subject to MCL 15.321 to 15.330 and MCL 15.301 to 15.310; Discharge of Duties.

Section 141.1607 - Settlement Administration Fund; Creation; Deposit of Money or Other Assets; Investment; Interest and Earnings; Money Remaining at Close of Fiscal Year; Expenditure.

Section 141.1608 - Disbursement to Retirement Systems; Conditions; Return of Money to Countercyclical Budget and Economic Stabilization Fund; Dissolution of Authority.

Section 141.1609 - Public and Governmental Purpose.

Section 141.1610 - State Contribution; Obligation.

Section 141.1611 - Liability.