MCL - Index of Chapter 129
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Chapter 129 | PUBLIC FUNDS |
| Act 108 of 1909 | Repealed-STATE GENERAL FUND DEFICIT (129.1 - 129.1) |
| Act 40 of 1932 (1st Ex. Sess.) | DEPOSITORIES FOR PUBLIC MONEYS (129.11 - 129.16) |
| Section 129.11 | Public money; definition. |
| Section 129.12 | Resolution providing for designation and deposit of public money; financial institution requirements; limitation on acceptable assets; conduct of proceedings; designation of depositories; deposit of funds; liability. |
| Section 129.13 | Repealed. 1997, Act 31, Imd. Eff. June 19, 1997. |
| Section 129.14 | Deposit or investment of additional money; cash control ledger; limitation. |
| Section 129.15 | Repealed. 2018, Act 462, Eff. Mar. 29, 2019. |
| Section 129.16 | Definitions. |
| Act 95 of 1935 | RELIEF FROM LIABILITY FOR FUNDS IN DESIGNATED DEPOSITORY (129.21 - 129.23) |
| Section 129.21 | Tax collectors relieved from liability for funds in a designated depository. |
| Section 129.22 | Fee collectors relieved from liability for funds in a designated depository. |
| Section 129.23 | Public officials relieved from liability for funds in a designated depository. |
| Act 99 of 1909 | Repealed-DEPOSITORIES FOR PUBLIC MONEYS (129.31 - 129.40) |
| Act 321 of 1909 | DEPOSIT AND SAFEGUARDING OF PUBLIC MONEYS OF VILLAGE (129.41 - 129.45) |
| Section 129.41 | Public funds of incorporated village; deposit; secured deposits; limitation on acceptable assets; warrants and orders; profits; liability for loss; ordinance or resolution; conduct and inspection of proceedings; accrual of profits to village general fund. |
| Section 129.42 | Security for deposit prohibited. |
| Section 129.43 | Limitation on deposit of additional public funds. |
| Section 129.44 | “Deposit” defined. |
| Section 129.45 | “Financial institution” defined. |
| Act 19 of 1934 (1st Ex. Sess.) | BONDS OF PUBLIC OFFICIALS; LIABILITY OF SURETIES (129.51 - 129.51) |
| Section 129.51 | Bonds of public officials, deputies, assistants; liability of sureties. |
| Act 94 of 1929 | MISAPPROPRIATION OF PUBLIC FUNDS (129.61 - 129.61) |
| Section 129.61 | Misappropriation of public moneys; suit by taxpayer. |
| Act 70 of 1933 | INVESTMENT OF PUBLIC MONEYS IN U.S. SECURITIES (129.71 - 129.71) |
| Section 129.71 | Investment of public moneys received by county treasurer and board of county road commissioners. |
| Act 23 of 1934 (1st Ex. Sess.) | INVESTMENT IN BONDS OF HOME OWNERS' LOAN CORPORATION AND OF FEDERAL HOME LOAN BANKS (129.81 - 129.83) |
| Section 129.81 | Investment in bonds of home owners' loan corporation, federal home loan bank, or financial institution; secured deposits; limitation on acceptable assets; “financial institution” defined. |
| Section 129.82 | Public funds; deposit as security. |
| Section 129.83 | Construction of act. |
| Act 20 of 1943 | INVESTMENT OF SURPLUS FUNDS OF POLITICAL SUBDIVISIONS (129.91 - 129.97a) |
| Section 129.91 | Investment of funds of public corporation; eligible depository; secured deposits; funds limitation on acceptable assets; pooling or coordinating funds; written agreements; investment in certificate of deposit; conditions; “financial institution” defined; additional definitions. |
| Section 129.92 | Repealed. 1997, Act 196, Imd. Eff. Dec. 30, 1997. |
| Section 129.93 | Existing investments ratified and validated. |
| Section 129.94 | Funds accumulated under eligible deferred compensation plan; deposit; investment; existing investments ratified and validated. |
| Section 129.95 | Investment policy; adoption by governing body. |
| Section 129.96 | Execution of order to purchase or trade funds of public corporation; providing copy of investment policy; public corporation subject to subsection (1); report. |
| Section 129.97 | Long-term or perpetual trust fund; investment of assets; resolution authorizing investment officer same authority as investment fiduciary under MCL 38.1132 to 38.1140m; conditions. |
| Section 129.97a | Investment of assets of special revenue fund by investment officer; resolution granting authority; annual special revenue fund report. |
| Act 32 of 1956 | FACSIMILE SIGNATURES (129.101 - 129.101) |
| Section 129.101 | Deposited public funds; facsimile signatures on checks or orders for payment of money. |
| Act 367 of 1982 | SURPLUS FUNDS INVESTMENT POOL ACT (129.111 - 129.118) |
| Section 129.111 | Short title. |
| Section 129.112 | Definitions. |
| Section 129.113 | Placing surplus funds in investment pool; contract with financial institution. |
| Section 129.114 | Contract between financial institution and local unit; required provisions. |
| Section 129.115 | Maintaining separate account for each participant; monthly statement of transactions; report. |
| Section 129.116 | Powers and duties of depository. |
| Section 129.117 | Default in payment of principal, interest, or other income; remedies of depository. |
| Section 129.118 | Act as additional authority for investment of surplus funds. |
| Act 56 of 1962 | BOND CREMATION ACT (129.121 - 129.125) |
| Section 129.121 | Short title; bond cremation act. |
| Section 129.122 | Bond cremation act; definitions. |
| Section 129.123 | Cremation or disintegration of public obligations or interest coupons. |
| Section 129.124 | Public bonds and interest coupons; certificate of cremation, contents, filing. |
| Section 129.125 | Public bonds and interest coupons; obligations not considered public records. |
| Act 354 of 1972 | REPLACING OR PAYING OBLIGATIONS OF PUBLIC CORPORATION (129.131 - 129.135) |
| Section 129.131 | Definitions. |
| Section 129.132 | Replacement obligations; prerequisites to issuance; exercise of powers by paying agent; resolution; execution; seal. |
| Section 129.133 | Replacement obligations; form; security; execution; formal requirements; indorsement. |
| Section 129.134 | Replacement of unmatured interest coupons; payment of matured interest coupons. |
| Section 129.135 | Repealed. 2000, Act 117, Imd. Eff. May 26, 2000. |
| Act 121 of 1985 | LOCAL GOVERNMENT INVESTMENT POOL ACT (129.141 - 129.150) |
| Section 129.141 | Short title. |
| Section 129.142 | Definitions. |
| Section 129.143 | Contracts between participating county and local units; local government investment pool; management, investment, and reinvestment. |
| Section 129.144 | Authorization by resolution. |
| Section 129.145 | Written contract required; uniformity and contents of contract; filing and approval of proposed uniform contract; filing copies of and amendments to uniform contract. |
| Section 129.146 | Standard of judgment and care. |
| Section 129.147 | Separate accounts. |
| Section 129.148 | Safekeeping depositories; security. |
| Section 129.149 | Default; powers of treasurer. |
| Section 129.150 | Orders or warrants; limitation; liability for overdraft. |
| Act 470 of 2002 | AGENCY FINANCING REPORTING ACT (129.171 - 129.177) |
| Section 129.171 | Short title. |
| Section 129.173 | Definitions. |
| Section 129.175 | Bulletins; issuance by department. |
| Section 129.177 | Filing; form; manner; noncompliance; electronic format. |
| Act 213 of 1963 | CONTRACTOR'S BOND FOR PUBLIC BUILDINGS OR WORKS (129.201 - 129.212) |
| Section 129.201 | Bonds of principal contractor on public building, work, or improvement; irrevocable letter of credit. |
| Section 129.202 | Performance bond; amount; condition; purpose. |
| Section 129.203 | Payment bond; amount; purpose. |
| Section 129.204 | Bond, surety, obligee. |
| Section 129.205 | Filing of bond. |
| Section 129.206 | Public works, contractor's bond; definitions. |
| Section 129.207 | Enforcement of claims; notice of supplier to principal contractor or governmental unit; payment to subcontractor. |
| Section 129.208 | Copies of bonds and contracts; fees. |
| Section 129.209 | Venue; statute of limitations. |
| Section 129.210 | Application of statute. |
| Section 129.211 | Repeal; restriction on other statute. |
| Section 129.212 | Act inapplicable to contracts awarded under MCL 280.1 to 280.630. |
| Act 280 of 1995 | FINANCIAL TRANSACTION DEVICE PAYMENTS (129.221 - 129.224) |
| Section 129.221 | Definitions. |
| Section 129.222 | Acceptance of payment by financial transaction; prohibition. |
| Section 129.223 | Adoption of resolution; determination of acceptable financial transaction devices. |
| Section 129.224 | Authority of courts not affected. |
| Act 266 of 1995 | CREDIT CARD TRANSACTIONS (129.241 - 129.247) |
| Section 129.241 | Definitions. |
| Section 129.242 | Credit card arrangement; use of credit cards. |
| Section 129.243 | Adoption of resolution; written policy; provisions. |
| Section 129.244 | Total combined authorized credit limit; limitation; payment of balance, annual fee, and interest. |
| Section 129.245 | Limiting or suspending authority to issue and use credit cards; issuance of order; hearing. |
| Section 129.246 | Validity of credit card arrangement before effective date of act. |
| Section 129.247 | Effective date. |
| Act 226 of 2005 | MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY ACT (129.261 - 129.279) |
| Section 129.261 | Short title. |
| Section 129.262 | Legislative findings and declaration. |
| Section 129.263 | Definitions. |
| Section 129.264 | Michigan tobacco settlement finance authority; creation; separate legal entity; issuance of bonds generally. |
| Section 129.265 | Authority; duties; administrative functions. |
| Section 129.266 | Board of directors; membership; terms; vacancy; compensation; reimbursement; chairperson; quorum; vote; agents and employees; discharge of duties by member, officer, employee, or agent; independent public financial advisor. |
| Section 129.267 | Powers of authority. |
| Section 129.268 | Sale of state's tobacco receipts; terms; agreement; refunding, refinancing, and sale of residual interests; purchase price; remedies; approval by resolution adopted by state administrative board; absolute transfer; limitation on use of net proceeds and earnings. |
| Section 129.269 | Obligations. |
| Section 129.270 | Creation of authority; purpose as public and governmental; property and income exempt from tax; interest. |
| Section 129.271 | Duties of state before payment or discharge of bonds and ancillary facilities. |
| Section 129.272 | Effect of bonds issued under act. |
| Section 129.273 | Dissolution of authority. |
| Section 129.274 | Construction of act. |
| Section 129.275 | Availability of funds. |
| Section 129.276 | Report. |
| Section 129.277 | Appropriation. |
| Section 129.278 | Legal jurisdiction. |
| Section 129.279 | Severability. |
| Act 234 of 2008 | DIVESTMENT FROM TERROR ACT (129.291 - 129.301) |
| Section 129.291 | Short title. |
| Section 129.292 | Definitions. |
| Section 129.293 | Scrutinized companies; identification by fiduciary. |
| Section 129.294 | Scrutinized companies; assembly into list; modification; procedure to be adhered to by fiduciary. |
| Section 129.295 | Internet website; collection and publication of information. |
| Section 129.296 | Exemption from conflicting statutory or common law obligations. |
| Section 129.297 | Severability. |
| Section 129.298 | Business with Sudan; fiduciary subject to provisions of public employee retirement system investment act. |
| Section 129.299 | Business with Iran; fiduciary subject to provisions of public employee retirement system investment act. |
| Section 129.300 | Applicability of act; dates; extension. |
| Section 129.301 | Divestment of funds; recommendations of department of treasury. |
| Act 517 of 2012 | IRAN ECONOMIC SANCTIONS ACT (129.311 - 129.316) |
| Section 129.311 | Short title. |
| Section 129.312 | Definitions. |
| Section 129.313 | Ineligibility of Iran linked business to submit request for proposal bid; certification. |
| Section 129.314 | Effect of false certification. |
| Section 129.315 | Civil action; penalty. |
| Section 129.316 | Conditional effect. |