MCL - Act 187 of 2014


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

The People of the State of Michigan enact:
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.