HOUSE BILL No. 4591


     April 9, 1997, Introduced by Reps. Thomas, Griffin, Schermesser and Kaza and referred to the Committee on Commerce.


        A bill to amend 1927 PA 175, entitled

   "The code of criminal procedure,"

   by amending section 26c (MCL 774.26c), as amended by 1980 PA

   506.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         Sec. 26c.  (1) Each municipal court shall maintain a sepa-

 2    rate  bank  account IN A FINANCIAL INSTITUTION for money received

 3    in criminal cases.  All money received in criminal cases shall be

 4    deposited in  this  THE account daily if the receipts exceed

 5    $500.00, or whenever the receipts exceed $500.00.

 6         (2) Withdrawals from  this  THE account shall be made only

 7    by check and only for the purposes of making a deposit with the

 8    county treasurer, making refunds or transfers of cash bail bonds,

 9    making payments for restitution, or making refunds to defendants

10    in case of an error.


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 1         (3) ASSETS ACCEPTABLE FOR PLEDGING TO SECURE DEPOSITS OF

 2    MUNICIPAL COURT FUNDS ARE CONSIDERED ACCEPTABLE TO THE STATE

 3    TREASURER UNDER SECTION 3 OF 1855 PA 105, MCL 21.143, TO SECURE

 4    DEPOSITS OF STATE SURPLUS FUNDS.

 5         (4) AS USED IN THIS SECTION, "FINANCIAL INSTITUTION" MEANS A

 6    STATE OR NATIONALLY CHARTERED BANK, SAVINGS AND LOAN ASSOCIATION,

 7    SAVINGS BANK, OR CREDIT UNION WHOSE DEPOSITS ARE INSURED BY AN

 8    AGENCY OF THE UNITED STATES GOVERNMENT AND WHICH MAINTAINS A

 9    PRINCIPAL OFFICE OR BRANCH OFFICE LOCATED IN MICHIGAN UNDER THE

10    AUTHORITY OF THE LAWS OF MICHIGAN OR OF THE UNITED STATES.




































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