Michigan Compiled Laws Act 427 of 1996 - Good Government Financial Report Disclosure Act (15.421 - 15.425) Section 15.424 - Unauthorized Investments Prohibited.
Sec. 4.
This act does not authorize a local unit or this state to make investments not otherwise authorized by law.
History: 1996, Act 427, Imd. Eff. Nov. 25, 1996