Go To Top capitol dome
Michigan Legislature
Michigan Compiled Laws Complete Through PA 140 of 2017
House: Adjourned until Tuesday, November 28, 2017 1:30:00 PM
Senate: Adjourned until Tuesday, November 28, 2017 10:00:00 AM

Michigan Legislature

Main Content

MCL Index

Show update info: 
NOTE: Dates reflect any modification to item, not necessarily a change in law.

Chapter 12 - STATE TREASURER
R.S. of 1846 ‑ Revised Statutes of 1846 (12.7 - 12.15)
     R‑S‑1846‑12‑7‑12 ‑ CHAPTER 12 Chapter 12. Of Certain State Officers. (12.7...12.15)
          R‑S‑1846‑12‑7‑12‑The‑State‑Treasurer. ‑ The State Treasurer. (12.7...12.15)
               Section 12.7 ‑ Blanket bond.
               Section 12.8 ‑ Repealed. 1980, Act 107, Imd. Eff. May 7, 1980.
               Section 12.9 ‑ Chief deputy; appointment; duties and responsibilities; vacancy in office of state treasurer; appointment of acting or successor state treasurer.
               Section 12.10 ‑ Vacancy in office of state treasurer; audit.
               Section 12.11, 12.12 ‑ Repealed. 1980, Act 107, Imd. Eff. May 7, 1980.
               Section 12.13 ‑ Exhibit of accounts to auditor general.
               Section 12.14 ‑ Financial statement to legislature, publication.
               Section 12.15 ‑ Repealed. 1948, 2nd Ex. Sess., Act 1, Eff. Jan. 1, 1949.
Act 79 of 1917 ‑ OFFICE PERSONNEL (12.21 - 12.21)
     Section 12.21 ‑ State treasurer office employees.
Act 275 of 1927 ‑ Repealed-STATE FAIR BONDS (12.31 - 12.35)
Act 43 of 1959 ‑ WARRANT FUNCTIONS (12.41 - 12.46)
     Section 12.41 ‑ Auditor general's powers and duties as to warrants, garnishments; transfer to state treasurer.
     Section 12.42 ‑ Transfer of staff, records, files, property, and trusts.
     Section 12.43 ‑ Transfer of hearings, orders, rules and regulations.
     Section 12.44 ‑ Transfer of appropriations.
     Section 12.45 ‑ Continuance of services and functions during transfer.
     Section 12.46 ‑ Effective date of transfer.
Act 55 of 1967 ‑ MANAGEMENT OF STATE FUNDS (12.51 - 12.53)
     Section 12.51 ‑ Transfer of cash on hand; approval; advance appropriations.
     Section 12.52 ‑ Relief of state treasurer from liability.
     Section 12.53 ‑ Repeals.
Act 259 of 1982 ‑ PAYMENT OF FULL FAITH AND CREDIT OBLIGATIONS (12.61 - 12.64)
     Section 12.61 ‑ Purpose of act; “obligations” defined.
     Section 12.62 ‑ Payment of principal and interest on obligations of state; duties of state treasurer.
     Section 12.63 ‑ Enforcing duties of state treasurer by action to require performance.
     Section 12.64 ‑ Act as contract with holders of obligations.
Act 35 of 1959 ‑ Repealed-MANAGEMENT OF STATE FUNDS (12.71 - 12.74)
Act 46 of 1962 ‑ Repealed-MANAGEMENT OF STATE FUNDS (12.81 - 12.83)
Act 3 of 1952 ‑ SERVICE FEES ON REAL ESTATE MORTGAGES (12.101 - 12.101)
     Section 12.101 ‑ Deposit of real estate mortgage as collateral security fees; credited to general fund.
Act 496 of 1988 ‑ UNIFIED VOLUME LIMITATION ALLOCATION ACT (12.111 - 12.124)
     Section 12.111 ‑ Short title.
     Section 12.112 ‑ Definitions.
     Section 12.113 ‑ Unified volume limitation and allotment thereof; determination; publication.
     Section 12.114 ‑ Allotments to state and municipal issuers for allocation; reallotment; division of allotment into installments; increase in monthly installments; reserving portion of monthly allotment; pro rata reductions in monthly installments.
     Section 12.115 ‑ Request for allocation; attachment; notice of sale; certification of preliminary proceedings.
     Section 12.116 ‑ Requests for allocations; order of consideration; approval or denial; reason for denial; steps to maintain orderly application and allocation process; instances in which request may be denied; when request considered filed or received; issuer seeking allocation not in excess of unallocated unified volume limitation.
     Section 12.117 ‑ Allocation order; requirements; reversion; allocation not transferable between issuers; use of allocation; validity of order; request for extension.
     Section 12.118 ‑ Invalidation of request or allocation; notice of changed information; new request for allocation; issuance of bonds before receiving allocation or approval for amendment to allocation; cancellation of prior allocation by approval of new request.
     Section 12.119 ‑ Notice of delivery of issue of bonds; filing; contents; failure to file; revocation and invalidation of allocation; waiver of revocation.
     Section 12.120 ‑ Order for carryforward allocation; request for carryforward allocation; form; amount; priorities; election.
     Section 12.121 ‑ Records.
     Section 12.122 ‑ State or municipal issuer not authorized to issue bonds.
     Section 12.123 ‑ Allocations to which act applicable; ratification of allocation; revocation of allocation; formula for allocating state ceiling.
     Section 12.124 ‑ Repeal of MCL 125.1432c.
Act 316 of 1993 ‑ COLLECTION SERVICES TO COURTS (12.131 - 12.140)
     Section 12.131 ‑ Definitions.
     Section 12.132 ‑ Agreement.
     Section 12.133 ‑ Agreement; provisions.
     Section 12.134 ‑ Fees; calculation; collection.
     Section 12.135 ‑ Delinquent accounts as debts, unpaid accounts, or amounts due state.
     Section 12.136 ‑ Offsetting tax refunds or other payments; order of priority.
     Section 12.137 ‑ Distribution by court of money collected.
     Section 12.138 ‑ Effective date.
     Section 12.139 ‑ Conditional effective date.
     Section 12.140 ‑ Repealed. 1997, Act 192, Imd. Eff. Dec. 30, 1997.
E.R.O. No. 1991‑1 ‑ EXECUTIVE REORGANIZATION ORDER (12.151 - 12.151)
     Section 12.151 ‑ Office of revenue and tax analysis; transferred from state budget director within the department of management and budget to the state treasurer within the department of treasury by type II transfer.
E.R.O. No. 1991‑2 ‑ EXECUTIVE REORGANIZATION ORDER (12.161 - 12.161)
     Section 12.161 ‑ Bureau of state lottery; transferred from the department of management and budget to the department of treasury.
E.R.O. No. 1992‑7 ‑ EXECUTIVE REORGANIZATION ORDER (12.171 - 12.171)
     Section 12.171 ‑ Transfer of mainframe computer operations, statewide data communications network responsibilities, and technical support and systems development functions performed by the department of labor to the department of treasury by type III transfer.
E.R.O. No. 1995‑11 ‑ EXECUTIVE REORGANIZATION ORDER (12.172 - 12.172)
     Section 12.172 ‑ Transfer of responsibilities for computer program analysis and programming for department of labor applications (transferred to department of treasury by E.O. 1992-20) and related systems development functions from department of treasury to department of commerce.
E.R.O. No. 1995‑2 ‑ EXECUTIVE REORGANIZATION ORDER (12.181 - 12.181)
     Section 12.181 ‑ Transfer of certain powers and duties of the Michigan higher education assistance authority, Michigan higher education student loan authority, and office of student financial assistance services in the department of education to the department of treasury.
E.R.O. No. 1995‑19 ‑ EXECUTIVE REORGANIZATION ORDER (12.182 - 12.182)
     Section 12.182 ‑ Transfer of powers and duties of the Michigan underground storage tank financial assurance authority from the department of management and budget to the department of treasury.
E.R.O. No. 2000‑5 ‑ EXECUTIVE REORGANIZATION ORDER (12.183 - 12.183)
     Section 12.183 ‑ Establishment of Michigan debt advisory board within department of treasury.
E.R.O. No. 2001‑5 ‑ Repealed-EXECUTIVE REORGANIZATION ORDER (12.191 - 12.191)
E.R.O. No. 2002‑3 ‑ EXECUTIVE REORGANIZATION ORDER (12.192 - 12.192)
     Section 12.192 ‑ Creation of Michigan public educational facilities authority as public body corporate and politic; location in department of treasury; transfer of certain powers and duties from Michigan strategic fund and Michigan strategic fund board of directors to Michigan public educational facilities authority and Michigan public educational facilities authority board of trustees; transfer of certain powers and duties from Michigan municipal bond authority and Michigan municipal bond authority board of trustees to Michigan public educational facilities authority and Michigan public educational facilities authority board of trustees; rescission of executive order no. 2001-11.
E.R.O. No. 2002‑8 ‑ EXECUTIVE REORGANIZATION ORDER (12.193 - 12.193)
     Section 12.193 ‑ Consolidation of administrative staff of Michigan higher education assistance authority, Michigan higher education facilities authority, Michigan higher education student loan authority, Michigan municipal bond authority, and state hospital finance authority; transfer of certain functions to state treasurer.
E.R.O. No. 2010‑2 ‑ EXECUTIVE REORGANIZATION ORDER (12.194 - 12.194)
     Section 12.194 ‑ Creation of Michigan finance authority within department of treasury; transfer of certain powers and duties of Michigan forest finance authority, Michigan higher education assistance authority, Michigan higher education facilities authority, Michigan higher education student loan authority, Michigan municipal bond authority, Michigan public educational facilities authority, Michigan strategic fund, Michigan tobacco settlement finance authority, Michigan underground storage tank financial assurance authority; state higher education facilities commission, state hospital finance authority, and state land bank fast track authority to Michigan finance authority; transfer of certain powers and duties of Michigan forest finance authority, not otherwise transferred to Michigan finance authority, from Michigan forest finance authority to department of natural resources and environment by type II transfer; transfer of certain powers and duties of Michigan higher education assistance authority to department of treasury; transfer of certain powers and duties of state land bank fast track authority from department of energy, labor, and economic growth to department of treasury; transfer of Michigan state housing development authority from department of energy, labor, and economic growth to the department of treasury.
Act 35 of 1994 ‑ THE FORENSIC LABORATORY FUNDING ACT (12.201 - 12.212)
     Section 12.201 ‑ Short title.
     Section 12.202 ‑ Definitions.
     Section 12.203 ‑ State forensic laboratory fund; creation as separate fund; money and earnings credited to fund.
     Section 12.204 ‑ Forensic laboratory fund; establishment within office of municipal treasurer.
     Section 12.205 ‑ Conduct of forensic test; advising prosecuting attorney.
     Section 12.206 ‑ Assessments.
     Section 12.207 ‑ Distributions from state laboratory fund; expenses incurred by municipality; application for reimbursement; reports; number of investigations; distribution and proceeds to municipality; determination of amount; appropriation and use of money.
     Section 12.208 ‑ Forensic laboratory maintained by municipality; appropriation and use of money.
     Section 12.209 ‑ Acceptance of gifts and grants.
     Section 12.210 ‑ Report.
     Section 12.211 ‑ Effective date; applicability of assessment.
     Section 12.212 ‑ Repealed. 1998, Act 98, Imd. Eff. May 15, 1998.
Act 489 of 2000 ‑ MICHIGAN TRUST FUND ACT (12.251 - 12.262)
     Section 12.251 ‑ Short title.
     Section 12.252 ‑ Definitions.
     Section 12.253, 12.254 ‑ Repealed. 2005, Act 232, Imd. Eff. Nov. 21, 2005.
     Section 12.255 ‑ Michigan medicaid benefits trust fund.
     Section 12.256 ‑ Expenditure of medicaid benefits trust fund revenues.
     Section 12.257 ‑ 21st century jobs trust fund; establishment; investment; money remaining at close of fiscal year; deposit of interest and earnings; Michigan tobacco settlement revenue; deposit.
     Section 12.258 ‑ Transfer and disbursement of funds; purpose.
     Section 12.259 ‑ Michigan merit award trust fund; establishment; money remaining at close of fiscal year; investment; allocation of tobacco settlement revenue.
     Section 12.260 ‑ Michigan merit award trust fund; disbursement of funds; purpose.
     Section 12.262 ‑ Community district education trust fund; creation; deposit of money or other assets; investment; money remaining at close of fiscal year; expenditures; "community district" defined; deposit of tobacco settlement revenue; limitation; reimbursement from general fund.
Act 267 of 2011 ‑ EMPLOYMENT SECURITY FINANCING ACT (12.271 - 12.294)
     Section 12.271 ‑ Short title.
     Section 12.272 ‑ Definitions.
     Section 12.273 ‑ Powers; issuance of bonds.
     Section 12.274 ‑ Resolution; bond issue; payment; terms and conditions.
     Section 12.275 ‑ Bond issue; determination.
     Section 12.276 ‑ Sale of bonds; manner; proceeds.
     Section 12.277 ‑ Trust agreement or trust indenture.
     Section 12.278 ‑ Ancillary facility; enter into, amend, or terminate; purposes.
     Section 12.279 ‑ Bond or ancillary facility issued pursuant to act; evidence of validity.
     Section 12.280 ‑ Personal liability of board member or officer, appointee, or employee of authority; indemnification; conflict of interest.
     Section 12.281 ‑ Bonds subject to other acts.
     Section 12.282 ‑ Power to issue, sell, and deliver bonds; delegation.
     Section 12.283 ‑ Exercise of duties.
     Section 12.284 ‑ Additional powers.
     Section 12.285 ‑ Bond or ancillary facility; indebtedness, liability, or obligation not created.
     Section 12.286 ‑ Tax exemption.
     Section 12.287 ‑ Prohibited conduct; pledge and agreement.
     Section 12.288 ‑ Investment in sinking funds, money, or other funds.
     Section 12.289 ‑ Construction of act.
     Section 12.290 ‑ Use of funds to purchase bonds; price.
     Section 12.291 ‑ Appropriation.
     Section 12.292 ‑ Legal claims; jurisdiction.
     Section 12.293 ‑ Creation, perfection, priority, and enforcement of pledge of revenue or other security; negotiability of bonds.
     Section 12.294 ‑ Bonds; limitation.

up icon