Section 129.261 – Short Title.
129.261 Short title. Sec. 1. This act shall be known and may be cited as the “Michigan tobacco settlement finance authority act”. History: 2005, Act 226, Imd. Eff. Nov. 21, 2005
Section 129.147 – Separate Accounts.
129.147 Separate accounts. Sec. 7. The treasurer of a participating county shall maintain a separate account designated by name and number for each participant. Each account shall show the deposits, earnings, and withdrawals of the participant. History: 1985, Act 121, Imd. Eff. July 31, 1985
Section 129.148 – Safekeeping Depositories; Security.
129.148 Safekeeping depositories; security. Sec. 8. (1) The treasurer of a participating county may use safekeeping depositories for the holding of securities. (2) Security in the form of collateral, surety bond, or another form may be taken for the deposits or investments of an investment pool. History: 1985, Act 121, Imd. Eff. July 31, 1985
Section 129.149 – Default; Powers of Treasurer.
129.149 Default; powers of treasurer. Sec. 9. If a default occurs in the payment of principal, interest, or other income of an investment of the investment pool, the treasurer of the participating county may do 1 or more of the following: (a) Institute a proceeding to collect the matured principal, interest, or other income. (b) […]
Section 129.150 – Orders or Warrants; Limitation; Liability for Overdraft.
129.150 Orders or warrants; limitation; liability for overdraft. Sec. 10. An order or warrant shall not be issued upon a participant’s account in an amount greater than the total of the account to which that order or warrant applies. If an order or warrant for an amount greater than the total of the account to […]
Section 129.171 – Short Title.
129.171 Short title. Sec. 1. This act shall be known and may be cited as the “agency financing reporting act”. History: 2002, Act 470, Imd. Eff. June 21, 2002
Section 129.173 – Definitions.
129.173 Definitions. Sec. 3. As used in this act: (a) “Agency” means this state, a state authority, agency, fund, commission, board, or department of this state. Agency also includes a municipality issuing debt exempt from the provisions of the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821, or the provisions of the […]
Section 129.175 – Bulletins; Issuance by Department.
129.175 Bulletins; issuance by department. Sec. 5. The department may issue bulletins as necessary to carry out the purposes of this act. A bulletin issued under this section shall include a statement of the department’s specific statutory authority for any substantive requirement contained within the bulletin. History: 2002, Act 470, Imd. Eff. June 21, 2002
Section 129.177 – Filing; Form; Manner; Noncompliance; Electronic Format.
129.177 Filing; form; manner; noncompliance; electronic format. Sec. 7. (1) Within 15 business days of completing the issuance of any security, an agency shall file all of the following with the department in a form and manner prescribed by the department: (a) A copy of the security. (b) A proof of publication of the notice […]
Section 129.201 – Bonds of Principal Contractor on Public Building, Work, or Improvement; Irrevocable Letter of Credit.
129.201 Bonds of principal contractor on public building, work, or improvement; irrevocable letter of credit. Sec. 1. Before any contract, exceeding $50,000.00 for the construction, alteration, or repair of any public building or public work or improvement of the state or a county, city, village, township, school district, public educational institution, other political subdivision, public […]