Main Content Act 53 of 1994 friendly link printer friendly bills affecting mcl index link Search within this Statute for POOLED INVESTMENTSAct 53 of 1994AN ACT to authorize internally pooled investments by certain local governmental units. History: 1994, Act 53, Imd. Eff. Mar. 31, 1994 The People of the State of Michigan enact: DocumentTypeDescription Section 123.931SectionInvestments; computerized pool; “local governmental unit” defined; authorization.