Act 105 of 1855 Surplus Funds in Treasury (21.141 - 21.147)

Act 105 of 1855 Surplus Funds in Treasury (21.141 - 21.147)

Section 21.141 Loan to Eligible Municipality; Approval; Compliance; Warrant; Limitation on Total Amount of Loans; Sale, Assignment, Transfer, or Repurchase of Loans; "Board" Defined.
Section 21.142 Repealed. 2006, Act 228, Imd. Eff. June 26, 2006.
Section 21.142a Investment of Surplus Funds; Conditions and Restrictions; Valid Public Purpose; Approval of Documentation; Agricultural Loans; Disposition of Earnings; Reducing General Fund by Amount of Interest Deficiency or Loss of Principal; Terms of Certain Investments; Compliance; Separate Reports; Definitions; Value of Qualified Agricultural Loans; Deduction of Grant; Use of Existing Deposits for Loans to Farmers; Appropriation; Reduction of Maximum Amount of Investments; Effect of Money Not Invested for Qualified Agricultural Loans; Action to Ensure Successful Operation of Section; Disposition of Affidavit; Use of Federal Grant.
Section 21.142b Investment of Surplus Funds; Terms and Conditions; Valid Public Purpose; Investment Agreement; Amount of Investment; Earnings; List of Eligible Projects; Conditions to Approval of Eligible Project; Duty of Director and State Treasurer; Definitions; Effect of General Obligation Bonds; Use of Bond Proceeds to Promote Solid Waste Management.
Section 21.142c Investment of Surplus Funds; Public Purpose; Earnings; Losses; Limitation.
Section 21.142d Investment of Surplus Funds to Facilitate Marina Dredging Loans.
Section 21.142e Loan of Surplus Funds to Sugar Beet Growers' Cooperative.
Section 21.142f Investment in Loans to Land Bank Fast Track Authority or Brownfield Redevelopment Authority; Terms; Definitions.
Section 21.143 Financial Institution as Depository of Surplus Funds; Compliance; Location of Principal Office; Security; Rate of Return; Investment and Use of Surplus Funds; Disposition of Earnings From Loans; Loss of Principal or Interest; Reduction of Earnings; Investment in Securities of No-Load Open-End or Closed-End Management Type Investment Company or Investment Trust.
Section 21.144 Liability of State Treasurer and His or Her Bail; Loans Not Subject to Certain Acts.
Section 21.145 Compliance With Divestment From Terror Act.
Section 21.146 Illegal Discriminatory Lending Practice; Determination Regarding Deposit of Additional Surplus Funds; Considerations; Commencement Date and Duration of Prohibition; Determination Subject to Mcl 24.201 Et Seq.
Section 21.147 Definitions.

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