Title 21, BUDGET AND STATE ACCOUNTS

Sec. 9. Funds received by a local unit of government under this act shall be separately accounted for to reflect the specific state requirement for which the funds are appropriated.

Sec. 10. (1) The local government claims review board is created in the department and shall advise the director on the administration of this act and perform other duties as required by this section. (2) The board shall consist of 9 members appointed by the governor with the adv…

Sec. 11. (1) Within 6 months after the effective date of this act the department shall collect and tabulate relative information as to the following: (a) The state financed proportion of the necessary cost of an existing activity or service required of local units of government b…

Sec. 12. A state law shall not be enacted, which causes a reduction in the state financed proportion of the necessary costs of an existing activity or service required of local units of government by existing law, unless the existing law requiring an activity or service is repeal…

Sec. 13. This act does not prohibit the legislature from enacting state laws to provide for other forms of state aid, cost-sharing agreements, or specific methods of making disbursements to a local unit of government for a cost incurred pursuant to state laws enacted to which thi…

Sec. 14. The department may promulgate rules pursuant to Act No. 306 of the Public Acts of 1969, as amended, being sections 24.201 to 24.315 of the Michigan Compiled Laws, to regulate the disbursement of funds appropriated to local units of government, to provide guidelines for i…

Sec. 1. (1) The state treasurer shall make a loan from surplus funds to an eligible municipality, as municipality is defined in section 1 of the emergency municipal loan act, 1980 PA 243, MCL 141.931, if the loan is approved under the emergency municipal loan act, 1980 PA 243, MC…

Sec. 2a. (1) The state treasurer may invest surplus funds under the state treasurer's control in certificates of deposit or in a financial institution that qualifies with proof of financial viability acceptable to the state treasurer under this act to receive deposits or investme…

Sec. 2b. (1) The state treasurer may invest surplus funds under the state treasurer's control with a financial institution, investment company, insurance company, or other legal entity entitled to receive an investment, which investment may be in the form of a deposit, repurchase…

Sec. 2c. (1) The state treasurer may invest surplus funds under the control of the state treasurer in undivided participating interests in loans the principal of which is in whole or in part guaranteed or otherwise considered an evidence of indebtedness of the United States gover…

Sec. 2d. (1) The state treasurer may invest surplus funds under the state treasurer's control in certificates of deposit or other instruments of a financial institution qualified under this act to receive deposits or investments of surplus funds for the purpose of facilitating ma…

Sec. 2e. (1) The state treasurer may loan not more than $5,000,000.00 in surplus funds, without interest, to sugar beet growers' cooperatives for the purpose of purchasing the assets of 1 or more agricultural processors if all of the following conditions are met: (a) The agricult…

Sec. 2f. (1) The state treasurer may invest surplus funds in loans to a land bank fast track authority or a brownfield redevelopment authority at the market rate of interest, as determined by the state treasurer, for the purpose of clearing or quieting title to tax reverted prope…

Sec. 3. (1) A financial institution shall not be a depository of surplus funds of the state unless the financial institution complies with this act. The state treasurer shall require of a financial institution, before it is made a depository of surplus funds of the state, good an…

Sec. 4. (1) Nothing contained in this act shall be held or considered to change or affect the liability of the state treasurer or his or her bail, on his or her bond to this state. (2) Loans made under this act are not subject to the revised municipal finance act, 2001 PA 34, MCL…

Sec. 5. The state treasurer shall comply with the divestment from terror act, 2008 PA 234, MCL 129.291 to 129.301, in making investments under this act.

Sec. 6. (1) If a financial institution is found by a state or federal agency having jurisdiction over that financial institution, or a court having jurisdiction over that financial institution, to have engaged in an illegal discriminatory lending practice relating to a mortgage l…

Sec. 7. As used in this act: (a) "Commissioner" means the commissioner of the office of financial and insurance services of the department of consumer and industry services. (b) "Deposit" includes the purchase of, or investment in, shares of credit unions. (c) Except as otherwise…

Sec. 1. That it shall be the duty of the state treasurer to keep the accounts of the treasurer with all banks or depositories where any moneys of the state may be kept or deposited upon the regular books of his office so that each item of all such accounts shall appear therein.

Sec. 2. All items of interest which may become due the state from banks or otherwise shall be entered on the books of the treasurer when received, in such manner that it shall appear upon what account and for what time such interest accrued.

Sec. 1. That the state treasurer shall credit to the university interest fund interest on the entire amount received by the state for university lands sold or contracted, the state treasurer shall pay that amount to the treasurer of the university upon his or her application, fro…

Sec. 1. Whenever any grant, devise, bequest, donation, gift or assignment of money, bonds or choses in action, or of any property, real or personal, shall be made to this state, the governor is hereby directed to receive and accept the same, so that the right and title to the sam…

Sec. 2. Whenever it shall be necessary to protect or assert the right or title of the state to any property so received or derived as aforesaid, or to collect or reduce into possession any bond, note, bill or chose in action, the attorney general is directed to take the necessary…

Sec. 1. That upon all sums paid into the state treasury upon account of the principal of any of the educational funds, except where the provision is or shall be made by law, the state treasurer shall compute interest from the time of the payment, or from the time of the last comp…

Sec. 1. That all educational, charitable, reformatory and penal institutions, supported wholly or in part by the state, shall be known as state institutions.

Sec. 6a. No state institution, or any state board, division or department, shall enter into any contract for the televising or phonovising of any of its programs, affairs or events under which contract the programs, affairs or events are to be used as entertainment for which a fe…

Sec. 1. (1) The children's trust fund is created as a charitable and educational endowment fund in the department of treasury. The fund must be expended only as provided in this section. (2) The state treasurer shall credit to the trust fund all amounts appropriated for this purp…

Section 2. This act shall not take effect unless the following House Bills of the 81st Legislature are enacted into law: (a) House Bill No. 4556 (request no. 00855'81). (b) House Bill No. 5609 (request no. 04406'81 a*).

Sec. 10. The assets of the state treasurer's common cash fund shall consist of: (a) Such remaining cash of the several state funds as may have been deposited by the state treasurer in 1 or more common bank depositories commingled with the cash of any other fund or funds in such d…

Sec. 1. This act shall be known and may be cited as the "Michigan infrastructure council act".

Sec. 2. As used in this act: (a) "Asset" means infrastructure related to drinking water, wastewater, stormwater, transportation, energy, or communications, including, but not limited to, drinking water supply systems, wastewater systems, stormwater systems, drains, roads, bridges…

Sec. 3. (1) The Michigan infrastructure council is created within the department. (2) The Michigan infrastructure council consists of the following: (a) Nine voting members appointed pursuant to subsection (3) who are representative of 1 or more of the following: (i) Asset manage…

Sec. 4. (1) The Michigan infrastructure council shall do all of the following: (a) Develop a multiyear program, work plan, budget, and funding recommendation for asset management; update these every year; and provide these to the governor and the legislature by September 30 every…

Sec. 5. (1) This act does not authorize the Michigan infrastructure council to place any obligations or requirements on providers of telecommunications services, broadband services, or wireless services. (2) Any network or financial information provided to the Michigan infrastruc…

Sec. 6. Funding necessary to support the activities described in this act shall be provided through funds as provided by law.