MCL - Act 187 of 2014
AN ACT to create the Michigan settlement administration authority; to provide for the operation of the authority; to create certain funds; to authorize the resolution of certain potential claims against the state; to prescribe the powers and duties of the authority and certain other state officials and state employees; and to make certain appropriations.
History: 2014, Act 187, Imd. Eff. June 20, 2014
| Document | Type | Description |
|---|---|---|
| Section 141.1601 | Section | Short title. |
| Section 141.1602 | Section | Legislative findings and declarations. |
| Section 141.1603 | Section | Definitions. |
| Section 141.1604 | Section | Michigan settlement administration authority; creation; authority as state institution; appropriation. |
| Section 141.1605 | Section | Authority; exercise of duties; performance of administrative functions. |
| Section 141.1606 | Section | Board of directors; membership; compensation; travel and expenses; quorum; vote; members subject to MCL 15.321 to 15.330 and MCL 15.301 to 15.310; discharge of duties. |
| Section 141.1607 | Section | Settlement administration fund; creation; deposit of money or other assets; investment; interest and earnings; money remaining at close of fiscal year; expenditure. |
| Section 141.1608 | Section | Disbursement to retirement systems; conditions; return of money to countercyclical budget and economic stabilization fund; dissolution of authority. |
| Section 141.1609 | Section | Public and governmental purpose. |
| Section 141.1610 | Section | State contribution; obligation. |
| Section 141.1611 | Section | Liability. |