GOOD GOVERNMENT FINANCIAL REPORT DISCLOSURE ACT (EXCERPT)
Act 427 of 1996

15.424 Unauthorized investments prohibited.

Sec. 4.

This act does not authorize a local unit or this state to make investments not otherwise authorized by law.

History: 1996, Act 427, Imd. Eff. Nov. 25, 1996

Rendered 8/15/2025 8:50 PM
Michigan Compiled Laws Complete Through PA 5 of 2025
Courtesy of legislature.mi.gov