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Code · Michigan · Chapter 129 — Public Funds

129.144 Authorization by resolution.

96 words·~1 min read·/mi/chapter-129/129-144

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129.144 Authorization by resolution.
Sec. 4.
(1)A county treasurer shall not enter into a contract with a local unit for deposit of money in an investment pool until authorized to establish an investment pool by a resolution of the county board of commissioners of that participating county.
(2)The treasurer or other chief fiscal officer of a local unit shall not enter into a contract for deposit of money in an investment pool until authorized by a resolution of the governing body of that local unit.
History: 1985, Act 121, Imd. Eff. July 31, 1985
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