Michigan Compiled Laws
Act 105 of 1855 - Surplus Funds in Treasury (21.141 - 21.147)
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 held or considered to change or affect the liability of the state treasurer or his or her bail, on his or her bond to this state.
(2) Loans made under this act are not subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
(3) Loans made under this act are subject to the agency financing reporting act, 2002 PA 470, MCL 129.171 to 129.177.
History: 1855, Act 105, Eff. May 15, 1855 ;-- CL 1857, 275 ;-- CL 1871, 354 ;-- How. 399 ;-- CL 1897, 1190 ;-- CL 1915, 290 ;-- CL 1929, 349 ;-- CL 1948, 21.144 ;-- Am. 2003, Act 262, Imd. Eff. Jan. 5, 2004

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Structure Michigan Compiled Laws

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.

Section 21.142 - Repealed. 2006, Act 228, Imd. Eff. June 26, 2006.

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...

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...

Section 21.142c - Investment of Surplus Funds; Public Purpose; Earnings; Losses; Limitation.

Section 21.142d - Investment of Surplus Funds to Facilitate Marina Dredging Loans.