Michigan § 129.144 Authorization by resolution.

Michigan Statutes

§ 129.144 — Authorization by resolution.

Michigan § 129.144

Ch. 129PUBLIC FUNDS

Act 121 of 1985LOCAL GOVERNMENT INVESTMENT POOL ACT (129.141-129.150)

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Bluebook

Mich. Comp. Laws § 129.144 (2026).

Text

LOCAL 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.

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LOCAL 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.