187 of 2014 - Michigan Settlement Administration Authority Act (141.1601 - 141.1611)

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  4. 187 of 2014 - Michigan Settlement Administration Authority Act (141.1601 - 141.1611)

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Section
141.1601

Short Title.

Section
141.1602

Legislative Findings and Declarations.

Section
141.1603

Definitions.

Section
141.1604

Michigan Settlement Administration Authority; Creation; Authority as State Institution; Appropriation.

Section
141.1605

Authority; Exercise of Duties; Performance of Administrative Functions.

Section
141.1606

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

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

Disbursement to Retirement Systems; Conditions; Return of Money to Countercyclical Budget and Economic Stabilization Fund; Dissolution of Authority.

Section
141.1609

Public and Governmental Purpose.

Section
141.1610

State Contribution; Obligation.

Section
141.1611

Liability.