State Codes and Statutes
Statutes > Michigan > Chapter-129 > Act-121-of-1985 > Section-129-144LOCAL GOVERNMENT INVESTMENT POOL ACT (EXCERPT)
Act 121 of 1985
129.144 Authorization by resolution.
Sec. 4.
(1) A county treasurer shall not enter into a contract with a local unit for deposit of money in an investment pool until authorized to establish an investment pool by a resolution of the county board of commissioners of that participating county.
(2) The treasurer or other chief fiscal officer of a local unit shall not enter into a contract for deposit of money in an investment pool until authorized by a resolution of the governing body of that local unit.
History: 1985, Act 121, Imd. Eff. July 31, 1985
