MCL - Act 121 of 1985
AN ACT to establish a local government investment pool; to prescribe the powers, duties, and liabilities of certain public officials in relation to an investment pool; to permit local units of government to invest surplus funds in an investment pool; and to prescribe the powers and duties of certain state agencies.
History: 1985, Act 121, Imd. Eff. July 31, 1985
| Document | Type | Description |
|---|---|---|
| Section 129.141 | Section | Short title. |
| Section 129.142 | Section | Definitions. |
| Section 129.143 | Section | Contracts between participating county and local units; local government investment pool; management, investment, and reinvestment. |
| Section 129.144 | Section | Authorization by resolution. |
| Section 129.145 | Section | Written contract required; uniformity and contents of contract; filing and approval of proposed uniform contract; filing copies of and amendments to uniform contract. |
| Section 129.146 | Section | Standard of judgment and care. |
| Section 129.147 | Section | Separate accounts. |
| Section 129.148 | Section | Safekeeping depositories; security. |
| Section 129.149 | Section | Default; powers of treasurer. |
| Section 129.150 | Section | Orders or warrants; limitation; liability for overdraft. |