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Code · Michigan · Chapter 129 — Public Funds

129.113 Placing surplus funds in investment pool; contract with financial institution.

45 words·~1 min read·/mi/chapter-129/129-113

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129.113 Placing surplus funds in investment pool; contract with financial institution.
Sec. 3.
The governing body of a local unit may enter into a contract with a financial institution to place surplus funds in an investment pool.
History: 1982, Act 367, Eff. Mar. 30, 1983
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