Main Content Act 149 of 1999 friendly link Printer Friendly bills affecting index and updates Search within this Statute for PUBLIC EMPLOYEE HEALTH CARE FUND INVESTMENT ACTAct 149 of 1999AN ACT to provide for the creation of public employee health care funds; to provide for the administration of the funds; to authorize the investment of the assets of the funds or trusts; and to prescribe the powers and duties of investment fiduciaries and certain public officers and employees. History: 1999, Act 149, Imd. Eff. Nov. 1, 1999 © 2009 Legislative Council, State of MichiganThe People of the State of Michigan enact: DocumentTypeDescription Section 38.1211SectionShort title. Section 38.1212SectionDefinitions. Section 38.1213SectionEstablishment of public employee health care fund; resolution. Section 38.1214SectionInvestment fiduciary; duties. Section 38.1215SectionInvestment of trust assets; resolution. Section 38.1216SectionActuarial review; report.