State Codes and Statutes
Statutes > Michigan > Chapter-15 > Act-427-of-1996 > Section-15-424GOOD GOVERNMENT FINANCIAL REPORT DISCLOSURE ACT (EXCERPT)
Act 427 of 1996
15.424 Unauthorized investments prohibited.
Sec. 4.
This act does not authorize a local unit or this state to make investments not otherwise authorized by law.
History: 1996, Act 427, Imd. Eff. Nov. 25, 1996