Michigan Compiled Laws Complete Through PA 5 of 2025
MCL Complete Through PA 5 of 2025
Senate adjourned until Tuesday, July 15, 2025 10:00 AM
Senate adjourned until 07/15/25 10:00 AM
House adjourned until Tuesday, July 15, 2025 1:30 PM
House adjourned until 07/15/25 1:30 PM
Document - Section 21.142a
Document
HTML Version
PDF Version
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.