MCL - Act 121 of 1985


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

The People of the State of Michigan enact:
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.