Michigan Statutes

§ 21.142

Michigan § 21.142

JurisdictionMichigan

Ch. 21BUDGET AND STATE ACCOUNTS

Act 105 of 1855SURPLUS FUNDS IN TREASURY (21.141-21.147)

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Bluebook

Mich. Comp. Laws § 21.142 (2026).

Text

SURPLUS FUNDS IN TREASURY (EXCERPT)Act 105 of 185521.142 Repealed. 2006, Act 228, Imd. Eff. June 26, 2006. Compiler's Notes: The repealed section pertained to use of surplus funds to make loans to qualified corporations.

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Nearby Sections

15

§ 21.101

§ 21.110

State treasurer's common cash fund; assets and liabilities.

§ 21.111

§ 21.141

Loan to eligible municipality; approval; compliance; warrant; limitation on total amount of loans; sale, assignment, transfer, or repurchase of loans; "board" defined.

§ 21.142

§ 21.142a

Investment of surplus funds; conditions and restrictions; valid public purpose; approval of documentation; agricultural loans; disposition of earnings; reducing general fund by amount of interest deficiency or loss of principal; terms of certain investments; compliance; separate reports; definitions; value of qualified agricultural loans; deduction of grant; use of existing deposits for loans to farmers; appropriation; reduction of maximum amount of investments; effect of money not invested for qualified agricultural loans; action to ensure successful operation of section; disposition of affidavit; use of federal grant.

§ 21.142b

Investment of surplus funds; terms and conditions; valid public purpose; investment agreement; amount of investment; earnings; list of eligible projects; conditions to approval of eligible project; duty of director and state treasurer; definitions; effect of general obligation bonds; use of bond proceeds to promote solid waste management.

§ 21.142c

Investment of surplus funds; public purpose; earnings; losses; limitation.

§ 21.142d

Investment of surplus funds to facilitate marina dredging loans.

§ 21.142e

Loan of surplus funds to sugar beet growers' cooperative.

§ 21.142f

Investment in loans to land bank fast track authority or brownfield redevelopment authority; terms; definitions.

§ 21.143

Financial institution as depository of surplus funds; compliance; location of principal office; security; rate of return; investment and use of surplus funds; disposition of earnings from loans; loss of principal or interest; reduction of earnings; investment in securities of no-load open-end or closed-end management type investment company or investment trust.

§ 21.144

Liability of state treasurer and his or her bail; loans not subject to certain acts.

§ 21.145

Compliance with divestment from terror act.

§ 21.146

Illegal discriminatory lending practice; determination regarding deposit of additional surplus funds; considerations; commencement date and duration of prohibition; determination subject to MCL 24.201 et seq.

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Bluebook (online)

Michigan § 21.142, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/21.142.