State Codes and Statutes
Statutes > Michigan > Chapter-129 > Act-367-of-1982 > Section-129-113SURPLUS FUNDS INVESTMENT POOL ACT (EXCERPT)
Act 367 of 1982
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
