Mich. Comp. Laws § 129.113

Placing surplus funds in investment pool; contract with financial institution

1982, Act 367, Eff

Sec. 3. The governing body of a local unit may enter into a contract with a financial institution to place surplus funds in an investment pool.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.