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MICHIGAN STATUTES AND CODES
Act 367 of 1982 - SURPLUS FUNDS INVESTMENT POOL ACT (129.111 - 129.118)
- Section 129.111 - Short title.
- Section 129.112 - Definitions.
- Section 129.113 - Placing surplus funds in investment pool; contract with financial institution.
- Section 129.114 - Contract between financial institution and local unit; required provisions.
- Section 129.115 - Maintaining separate account for each participant; monthly statement of transactions; report.
- Section 129.116 - Powers and duties of depository.
- Section 129.117 - Default in payment of principal, interest, or other income; remedies of depository.
- Section 129.118 - Act as additional authority for investment of surplus funds.
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