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Home » US Law » 2022 Michigan Compiled Laws » Chapter 129 - Public Funds » Act 367 of 1982 - Surplus Funds Investment Pool Act (129.111 - 129.118) » Section 129.113 – Placing Surplus Funds in Investment Pool; Contract With Financial Institution.
129.113 Placing surplus funds in investment pool; contract with financial institution.

Sec. 3.

The governing body of a local unit may enter into a contract with a financial institution to place surplus funds in an investment pool.

History: 1982, Act 367, Eff. Mar. 30, 1983