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Act

INVESTMENT OF SURPLUS FUNDS OF POLITICAL SUBDIVISIONS

  • Mich. Comp. Laws § 129.91— Investment of funds of public corporation; eligible depository; secured deposits; funds limitation on acceptable assets; pooling or coordinating funds; written agreements; investment in certificate of deposit; conditions; “financial institution” defined; additional definitions
  • Mich. Comp. Laws § 129.93— Existing investments ratified and validated
  • Mich. Comp. Laws § 129.94— Funds accumulated under eligible deferred compensation plan; deposit; investment; existing investments ratified and validated
  • Mich. Comp. Laws § 129.95— Investment policy; adoption by governing body
  • Mich. Comp. Laws § 129.96— Execution of order to purchase or trade funds of public corporation; providing copy of investment policy; public corporation subject to subsection (1); report
  • Mich. Comp. Laws § 129.97— Long-term or perpetual trust fund; investment of assets; resolution authorizing investment officer same authority as investment fiduciary under MCL 38.1132 to 38.1140m; conditions
  • Mich. Comp. Laws § 129.97a— Investment of assets of special revenue fund by investment officer; resolution granting authority; annual special revenue fund report