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Document Type(s): MCLs
Public Act Number: 196
Public Act Year: 1997
(5 results found)
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Document Type Description
Act 20 of 1943 Statute INVESTMENT OF SURPLUS FUNDS OF POLITICAL SUBDIVISIONS (129.91 - 129.97a)
Section 129.91 Section Investment of funds of public corporation; eligible depository; secured deposits; funds limitation on acceptable assets; pooling or coordinating funds; written agreements; investment in certificate of deposit; conditions; “financial institution” defined; additional definitions.
Section 129.93 Section Existing investments ratified and validated.
Section 129.95 Section Investment policy; adoption by governing body.
Section 129.96 Section Execution of order to purchase or trade funds of public corporation; providing copy of investment policy; public corporation subject to subsection (1); report.