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CREDIT CARD TRANSACTIONS
Act 266 of 1995
AN ACT to authorize and regulate credit card transactions involving local units of government, including the use of credit cards by officers and employees of local units of government; and to provide for powers and duties of certain state and local agencies, officers, and employees.
History: 1995, Act 266, Eff. July 8, 1996
The People of the State of Michigan enact:
|Section 129.242||Section||Credit card arrangement; use of credit cards.
|Section 129.243||Section||Adoption of resolution; written policy; provisions.
|Section 129.244||Section||Total combined authorized credit limit; limitation; payment of balance, annual fee, and interest.
|Section 129.245||Section||Limiting or suspending authority to issue and use credit cards; issuance of order; hearing.
|Section 129.246||Section||Validity of credit card arrangement before effective date of act.
|Section 129.247||Section||Effective date.