Michigan Statutes
§ 129.113 — Placing surplus funds in investment pool; contract with financial institution.
Michigan § 129.113
JurisdictionMichigan
Ch. 129PUBLIC FUNDS
Act 367 of 1982SURPLUS FUNDS INVESTMENT POOL ACT (129.111-129.118)
This text of Michigan § 129.113 (Placing surplus funds in investment pool; contract with financial institution.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mich. Comp. Laws § 129.113 (2026).
Text
SURPLUS 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.
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Legislative History
1982, Act 367, Eff. Mar. 30, 1983
Nearby Sections
15
§ 129.11
Public money; definition.§ 129.111
Short title.§ 129.112
Definitions.§ 129.115
Maintaining separate account for each participant; monthly statement of transactions; report.§ 129.116
Powers and duties of depository.§ 129.121
Short title; bond cremation act.§ 129.122
Bond cremation act; definitions.Cite This Page — Counsel Stack
Bluebook (online)
Michigan § 129.113, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/129/129.113.