Main Content Act 738 of 2002 friendly link printer friendly bills affecting mcl index link Search within this Statute for ELECTRONIC TRANSACTIONS OF PUBLIC FUNDSAct 738 of 2002AN ACT to authorize and regulate electronic transactions of public funds involving local units of government; and to provide for powers and duties of certain governmental agencies and officials. History: 2002, Act 738, Imd. Eff. Dec. 30, 2002 The People of the State of Michigan enact: DocumentTypeDescription Section 124.301SectionDefinitions. Section 124.302SectionACH arrangement; scope. Section 124.303SectionACH policy; contents. Section 124.304SectionNoncompliance; order limiting or suspending local unit's authority. Section 124.305SectionACH arrangement; validity; compliance.