Michigan Compiled Laws
Act 105 of 1855 - Surplus Funds in Treasury (21.141 - 21.147)
Section 21.145 - Compliance With Divestment From Terror Act.

Sec. 5.
The state treasurer shall comply with the divestment from terror act, 2008 PA 234, MCL 129.291 to 129.301, in making investments under this act.
History: Add. 2008, Act 271, Imd. Eff. Sept. 29, 2008 Compiler's Notes: Former MCL 21.145, which pertained to financial institutions failing to comply with certain requirements, was repealed by Act 32 of 1997, Imd. Eff. June 19, 1997.

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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Section 21.142 - Repealed. 2006, Act 228, Imd.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.

Section 21.142e - Loan of Surplus Funds to Sugar Beet Growers' Cooperative.

Section 21.142f - Investment in Loans to Land Bank Fast Track Authority or Brownfield Redevelopment Authority; Terms; Definitions.

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...

Section 21.144 - Liability of State Treasurer and His or Her Bail; Loans Not Subject to Certain Acts.

Section 21.145 - Compliance With Divestment From Terror Act.

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.

Section 21.147 - Definitions.