Home/Michigan/Statutes/Ch. 21: BUDGET AND STATE ACCOUNTS/Act 101 of 1979: STATE DISBURSEMENTS TO LOCAL UNITS OF GOVERNMENT (21.231-21.244)/§ 21.242
Michigan Statutes

§ 21.242 — State law causing reduction in state financed proportion of necessary costs.

Michigan § 21.242
JurisdictionMichigan
Ch. 21BUDGET AND STATE ACCOUNTS
Act 101 of 1979STATE DISBURSEMENTS TO LOCAL UNITS OF GOVERNMENT (21.231-21.244)

This text of Michigan § 21.242 (State law causing reduction in state financed proportion of necessary costs.) 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 § 21.242 (2026).

Text

STATE DISBURSEMENTS TO LOCAL UNITS OF GOVERNMENT (EXCERPT) Act 101 of 1979 21.242 State law causing reduction in state financed proportion of necessary costs. Sec.

12.A state law shall not be enacted, which causes a reduction in the state financed proportion of the necessary costs of an existing activity or service required of local units of government by existing law, unless the existing law requiring an activity or service is repealed.

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Legislative History

1979, Act 101, Imd. Eff. Aug. 3, 1979 Compiler's Notes: Former MCL 21.242, which pertained to uniform method of payment to state employees, was repealed by Act 256 of 1964.

Nearby Sections

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State treasurer's common cash fund; assets and liabilities.
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Loan to eligible municipality; approval; compliance; warrant; limitation on total amount of loans; sale, assignment, transfer, or repurchase of loans; "board" defined.
§ 21.142
§ 21.142
§ 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 § 21.242, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/21.242.