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Michigan Compiled Laws - State Treasurer

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• Blanket Bond - Mich. Comp. Laws Section 12.7
  The state treasurer before entering upon the duties of his or her office shall be covered by a blanket bond as provided in Act ...
• Repealed. 1980, Act 107, Imd. Eff. May 7, 1980 - Mich. Comp. Laws Section 12.8
  Compiler's Notes: The repealed section pertained to conditions of official bond. ...
• Chief Deputy; Appointment; Duties And Responsibilities; Vacancy In Office Of State Treasurer; Appointment Of Acting Or Successor State Treasurer - Mich. Comp. Laws Section 12.9
  (1) The state treasurer shall appoint a chief deputy, for whose acts the state treasurer shall be responsible, and may revoke the appointment at pleasure. ...
• Vacancy In Office Of State Treasurer; Audit - Mich. Comp. Laws Section 12.10
  Upon the death or resignation of the state treasurer, or upon a vacancy in the office of state treasurer from any other cause, the ...
• Repealed. 1980, Act 107, Imd. Eff. May 7, 1980 - Mich. Comp. Laws Section 12.11, 12.12
  Compiler's Notes: The repealed sections pertained to vacancy in office of state treasurer. ...
• Exhibit Of Accounts To Auditor General - Mich. Comp. Laws Section 12.13
  When required by the auditor general, the state treasurer shall exhibit to the auditor general for examination the cash and cash items in the ...
• Financial Statement To Legislature, Publication. - Mich. Comp. Laws Section 12.14
  The treasurer shall make to the legislature, at its annual session in January in each year, and at such other times as he shall ...
• Repealed. 1948, 2nd Ex. Sess., Act 1, Eff. Jan. 1, 1949 - Mich. Comp. Laws Section 12.15
  Compiler's Notes: The repealed section pertained to office location and salary of state treasurer. ...
• State Treasurer Office Employees - Mich. Comp. Laws Section 12.21
  The state treasurer shall have power to appoint a cashier, a bookkeeper, an assistant bookkeeper, a chief clerk and a securities clerk, who shall ...
• Auditor General's Powers And Duties As To Warrants, Garnishments; Transfer To State Treasurer - Mich. Comp. Laws Section 12.41
  All powers and duties now vested by law in the auditor general with respect to the drawing and issuing of warrants are hereby transferred ...
• Transfer Of Staff, Records, Files, Property, And Trusts - Mich. Comp. Laws Section 12.42
  All of the staff, records, files and other property, including property held in trust, belonging to the auditor general with respect to drawing and ...
• Transfer Of Hearings, Orders, Rules And Regulations. - Mich. Comp. Laws Section 12.43
  All hearings and proceedings of whatever nature now pending before the auditor general with respect to drawing and issuing of warrants and with respect ...
• Transfer Of Appropriations - Mich. Comp. Laws Section 12.44
  All appropriations and all other funds necessary to carry out the powers and duties of the auditor general with respect to drawing and issuing ...
• Continuance Of Services And Functions During Transfer. - Mich. Comp. Laws Section 12.45
  The auditor general and the state treasurer shall make all other arrangements as are necessary to provide for the uninterrupted conduct of the services ...
• Effective Date Of Transfer - Mich. Comp. Laws Section 12.46
  The provisions of this act shall take effect on January 1, 1960. History: 1959, Act 43, Eff. Mar. 19, 1960 ...
• Transfer Of Cash On Hand; Approval; Advance Appropriations - Mich. Comp. Laws Section 12.51
  In order that state obligations may be paid as they become due, the state treasurer, with the approval of the state administrative board, may ...
• Relief Of State Treasurer From Liability - Mich. Comp. Laws Section 12.52
  In carrying out the duties imposed under section 1, the state treasurer shall be relieved from all legal liabilities which might attach to his ...
• Repeals - Mich. Comp. Laws Section 12.53
  Act No. 46 of the Public Acts of 1962, being sections 12.81 to 12.83 of the Compiled Laws of 1948, is repealed. History: 1967, ...
• Purpose Of Act; "Obligations" Defined. - Mich. Comp. Laws Section 12.61
  The purpose of this act is to provide for the payment of the principal of and interest on obligations of this state issued pursuant ...
• Payment Of Principal And Interest On Obligations Of State; Duties Of State Treasurer - Mich. Comp. Laws Section 12.62
  It shall be the duty of the state treasurer to pay or cause to be paid the principal of and interest on all obligations ...
• Enforcing Duties Of State Treasurer By Action To Require Performance - Mich. Comp. Laws Section 12.63
  In addition to any other remedies provided by law to the holder of any obligation, the duties of the state treasurer under this act ...
• Act As Contract With Holders Of Obligations - Mich. Comp. Laws Section 12.64
  This act shall be deemed a contract with the holders from time to time of obligations of this state. History: 1982, Act 259, Imd. ...
• Deposit Of Real Estate Mortgage As Collateral Security Fees; Credited To General Fund - Mich. Comp. Laws Section 12.101
  Any person, firm or corporation who shall deposit in the state treasury as collateral security any real estate mortgage, whether such deposit is required ...
• Short Title - Mich. Comp. Laws Section 12.111
  This act shall be known and may be cited as the "unified volume limitation allocation act". History: 1988, Act 496, Eff. Mar. 30, 1989 ...
• Definitions - Mich. Comp. Laws Section 12.112
  As used in this act: (a) "Bonds" means private activity bonds subject to the unified volume limitation and any other bonds, notes, and evidences ...
• Unified Volume Limitation And Allotment Thereof; Determination; Publication - Mich. Comp. Laws Section 12.113
  Each year, the treasurer shall determine the unified volume limitation and the allotment of the unified volume limitation for the following calendar year and ...
• Allotments To State And Municipal Issuers For Allocation; Reallotment; Division Of Allotment Into Installments; Increase In Monthly Installments; Reserving Portion Of Monthly Allotment; Pro Rata Reductions In Monthly Installments - Mich. Comp. Laws Section 12.114
  (1) The treasurer shall allot 40% of the unified volume limitation to the state issuers and 60% of the unified volume limitation to the municipal ...
• Request For Allocation; Attachment; Notice Of Sale; Certification Of Preliminary Proceedings - Mich. Comp. Laws Section 12.115
  (1) A state or municipal issuer seeking to issue bonds shall file with the treasurer a request for allocation containing all of the following information ...
• Requests For Allocations; Order Of Consideration; Approval Or Denial; Reason For Denial; Steps To Maintain Orderly Application And Allocation Process; Instances In Which Request May Be Denied; When Request Considered Filed Or Received; Issuer Seeking Allocation Not In Excess Of Unallocated Unified Volume Limitation - Mich. Comp. Laws Section 12.116
  (1) Except as provided by subsection (3), the treasurer shall consider all completed requests for allocations pursuant to section 5 in the order of filing. ...
• Allocation Order; Requirements; Reversion; Allocation Not Transferable Between Issuers; Use Of Allocation; Validity Of Order; Request For Extension - Mich. Comp. Laws Section 12.117
  (1) An allocation order shall allocate the principal amount of bonds requested or, for an issue of refunding bonds, the principal amount of the proposed ...
• Invalidation Of Request Or Allocation; Notice Of Changed Information; New Request For Allocation; Issuance Of Bonds Before Receiving Allocation Or Approval For Amendment To Allocation; Cancellation Of Prior Allocation By Approval Of New Request - Mich. Comp. Laws Section 12.118
  (1) A change in the facility to be financed, the issuer, the year for which the allocation is requested, or, if required to be specified ...
• Notice Of Delivery Of Issue Of Bonds; Filing; Contents; Failure To File; Revocation And Invalidation Of Allocation; Waiver Of Revocation - Mich. Comp. Laws Section 12.119
  (1) Within 10 calendar days after the expiration date of an allocation approval order, including any extension, but not later than December 26 for allocations ...
• Order For Carryforward Allocation; Request For Carryforward Allocation; Form; Amount; Priorities; Election - Mich. Comp. Laws Section 12.120
  (1) In addition to an allocation under section 6, during the months of October, November, and December of each year, an issuer may request, or ...
• Records - Mich. Comp. Laws Section 12.121
  (1) The treasurer shall maintain records of the volume of bonds for which the unified volume limitation has been allocated, the amount of the unified ...
• State Or Municipal Issuer Not Authorized To Issue Bonds - Mich. Comp. Laws Section 12.122
  This act does not authorize a state issuer or a municipal issuer to issue bonds. History: 1988, Act 496, Eff. Mar. 30, 1989 ...
• Allocations To Which Act Applicable; Ratification Of Allocation; Revocation Of Allocation; Formula For Allocating State Ceiling - Mich. Comp. Laws Section 12.123
  (1) This act applies to allocations made against the unified volume limitation for calendar year 1989 and each year after 1989 and to bonds issued ...
• Repeal Of S 125.1432c - Mich. Comp. Laws Section 12.124
  Section 32c of Act No. 346 of the Public Acts of 1966, being section 125.1432c of the Michigan Compiled Laws, is repealed. History: 1988, ...
• Definitions - Mich. Comp. Laws Section 12.131
  As used in this act: (a) "Department" means the department of treasury. (b) "Funding unit" means 1 of the following, as applicable: (i) For ...
• Agreement - Mich. Comp. Laws Section 12.132
  The department, and a circuit, district, or municipal court, together with its funding unit if its funding unit is not the state, may enter ...
• Agreement; Provisions - Mich. Comp. Laws Section 12.133
  An agreement entered into under this act shall provide for at least all of the following: (a) Assignment to the state for collection by ...
• Fees; Calculation; Collection - Mich. Comp. Laws Section 12.134
  A fee imposed by the department to recoup costs associated with the collection services provided under this act shall be calculated and collected on ...
• Delinquent Accounts As Debts, Unpaid Accounts, Or Amounts Due State - Mich. Comp. Laws Section 12.135
  For collection purposes only, a delinquent account assigned to the department for collection under this act shall be considered debts, unpaid accounts, or amounts ...
• Offsetting Tax Refunds Or Other Payments; Order Of Priority. - Mich. Comp. Laws Section 12.136
  The department, pursuant to its statutory and common law authority, may offset tax refunds or other payments due from the state to a person ...
• Distribution By Court Of Money Collected - Mich. Comp. Laws Section 12.137
  When the court receives money collected by the department under this act, the court shall, after deducting the amount of the fee paid to ...
• Effective Date - Mich. Comp. Laws Section 12.138
  This act shall take effect January 1, 1994. History: 1993, Act 316, Eff. Jan. 1, 1994 ...
• Conditional Effective Date - Mich. Comp. Laws Section 12.139
  This act shall not take effect unless House Bill No. 4957 of the 87th Legislature is enacted into law. History: 1993, Act 316, Eff. ...
• Repealed. 1997, Act 192, Imd. Eff. Dec. 30, 1997 - Mich. Comp. Laws Section 12.140
  Compiler's Notes: The repealed section pertained to repeal of act effective January 1, 1998. ...
• Office Of Revenue And Tax Analysis; Transferred From State Budget Director Within The Department Of Management And Budget To The State Treasurer Within The Department Of Treasury By Type Ii Transfer - Mich. Comp. Laws Section 12.151
  WHEREAS, Article V, Section 2, of the Michigan Constitution of 1963 empowers the Governor to make changes in the organization of the Executive Branch ...
• Bureau Of State Lottery; Transferred From The Department Of Management And Budget To The Department Of Treasury - Mich. Comp. Laws Section 12.161
  WHEREAS, Article V, Section 2, of the Michigan Constitution of 1963 empowers the Governor to make changes in the organization of the Executive Branch ...
• Transfer Of Mainframe Computer Operations, Statewide Data Communications Network Responsibilities, And Technical Support And Systems Development Functions Performed By The Department Of Labor To The Department Of Treasury By Type Iii Transfer - Mich. Comp. Laws Section 12.171
  WHEREAS, Article V, Section 2, of the Constitution of the State of Michigan of 1963 empowers the Governor to make changes in the organization ...
• Transfer Of Responsibilities For Computer Program Analysis And Programming For Department Of Labor Applications (Transferred To Department Of Treasury By E.O. 1992-20) And Related Systems Development Functions From Department Of Treasury To Department Of Commerce - Mich. Comp. Laws Section 12.172
  WHEREAS, Article V, Section 2, of the Constitution of the State of Michigan of 1963 empowers the Governor to make changes in the organization ...
• Transfer Of Certain Powers And Duties Of The Michigan Higher Education Assistance Authority, Michigan Higher Education Student Loan Authority, And Office Of Student Financial Assistance Services In The Department Of Education To The Department Of Treasury - Mich. Comp. Laws Section 12.181
  WHEREAS, Article V, Section 1, of the Constitution of the State of Michigan of 1963 vests the executive power in the Governor; and WHEREAS, ...
• Transfer Of Powers And Duties Of The Michigan Underground Storage Tank Financial Assurance Authority From The Department Of Management And Budget To The Department Of Treasury - Mich. Comp. Laws Section 12.182
  WHEREAS, Article V, Section 1, of the Constitution of the State of Michigan of 1963 vests the executive power in the Governor; and WHEREAS, ...
• Establishment Of Michigan Debt Advisory Board Within Department Of Treasury - Mich. Comp. Laws Section 12.183
  WHEREAS, Act No. 202 of the Public Acts of 1943, being Sections 131.1 et seq. of the Michigan Compiled Laws, authorizes and directs the ...
• Creation Of Michigan Public Educational Facilities Authority As Public Body Corporate And Politic; Location In Department Of Treasury; Transfer Of Certain Powers And Duties From Michigan Strategic Fund And Michigan Strategic Fund Board Of Directors To Michigan Public Educational Facilities Authority And Michigan Public Educational Facilities Authority Board Of Trustees; Transfer Of Certain Powers And Duties From Michigan Municipal Bond Authority And Michigan Municipal Bond Authority Board Of Trustees To Michigan Public Educational Facilities Authority And Michigan Public Educational Facilities Authority Board Of Trustees; Rescission Of Executive Order No. 2001-11 - Mich. Comp. Laws Section 12.192
  WHEREAS, Article V, Section 1, of the Constitution of the state of Michigan of 1963 vests the executive power in the Governor; and WHEREAS, ...
• Consolidation Of Administrative Staff Of Michigan Higher Education Assistance Authority, Michigan Higher Education Facilities Authority, Michigan Higher Education Student Loan Authority, Michigan Municipal Bond Authority, And State Hospital Finance Authority; Transfer Of Certain Functions To State Treasurer - Mich. Comp. Laws Section 12.193
  WHEREAS, Article V, Section 1, of the Constitution of the state of Michigan of 1963 vests the executive power in the Governor; and WHEREAS, ...
• Short Title - Mich. Comp. Laws Section 12.201
  This act shall be known and may be cited as "the forensic laboratory funding act". History: 1994, Act 35, Eff. June 6, 1994 ...
• Definitions - Mich. Comp. Laws Section 12.202
  As used in this act: (a) "CSC offense" means a violation or attempted violation of section 520b, 520c, 520d, 520e, or 520g of the ...
• State Forensic Laboratory Fund; Creation As Separate Fund; Money And Earnings Credited To Fund - Mich. Comp. Laws Section 12.203
  The state forensic laboratory fund is created as a separate fund in the state treasury. The state treasurer shall credit to the fund all ...
• Forensic Laboratory Fund; Establishment Within Office Of Municipal Treasurer - Mich. Comp. Laws Section 12.204
  A municipality that maintains a forensic laboratory may establish a forensic laboratory fund within the office of the treasurer of the municipality. History: 1994, ...
• Conduct Of Forensic Test; Advising Prosecuting Attorney - Mich. Comp. Laws Section 12.205
  The investigating officer of each criminal case being adjudicated shall advise the prosecuting attorney if a forensic laboratory has conducted a forensic test in ...
• Assessments - Mich. Comp. Laws Section 12.206
  (1) The court shall order each person convicted and sentenced before October 1, 2003 of 1 or more crimes in the case to pay an ...
• Distributions From State Laboratory Fund; Expenses Incurred By Municipality; Application For Reimbursement; Reports; Number Of Investigations; Distribution And Proceeds To Municipality; Determination Of Amount; Appropriation And Use Of Money - Mich. Comp. Laws Section 12.207
  (1) Beginning October 1, 2003, the department of treasury, each month, shall distribute proceeds of the state laboratory fund that are received from the justice ...
• Forensic Laboratory Maintained By Municipality; Appropriation And Use Of Money - Mich. Comp. Laws Section 12.208
  (1) A municipality shall appropriate fees deposited in a forensic laboratory fund established pursuant to section 4 to the forensic laboratory maintained by the municipality. ...
• Acceptance Of Gifts And Grants - Mich. Comp. Laws Section 12.209
  The department of state police may accept for deposit in the state forensic laboratory fund by the state treasurer gifts and grants of money ...
• Report - Mich. Comp. Laws Section 12.210
  The department of state police or the department of treasury, as applicable, shall report annually to the governor and to the house and senate ...
• Effective Date; Applicability Of Assessment - Mich. Comp. Laws Section 12.211
  This act shall take effect upon the expiration of 90 days after the date of its enactment. The assessment required by this act shall ...
• Repealed. 1998, Act 98, Imd. Eff. May 15, 1998 - Mich. Comp. Laws Section 12.212
  Compiler's Notes: The repealed section pertained to repeal of the act. ...
• Short Title - Mich. Comp. Laws Section 12.251
  This act shall be known and may be cited as the "Michigan trust fund act". History: 2000, Act 489, Imd. Eff. Jan. 11, 2001 ...
• Definitions - Mich. Comp. Laws Section 12.252
  (a) "Medicaid benefits trust fund" means the Michigan medicaid benefits trust fund established in section 5. (b) "Medicaid program" means a program for medical assistance ...
• Repealed. 2005, Act 232, Imd. Eff. Nov. 21, 2005 - Mich. Comp. Laws Section 12.253, 12.254
  Compiler's Notes: The repealed sections pertained to establishment of Michigan tobacco settlement trust fund and expenditure of revenues. ...
• Michigan Medicaid Benefits Trust Fund - Mich. Comp. Laws Section 12.255
  (1) The Michigan medicaid benefits trust fund is established in the department of treasury. The medicaid benefits trust fund shall consist only of the following: ...
• Expenditure Of Medicaid Benefits Trust Fund Revenues - Mich. Comp. Laws Section 12.256
  The legislature shall authorize the expenditure of medicaid benefits trust fund revenues through an appropriation act only for 1 or more of the following ...
• 21st Century Jobs Trust Fund; Establishment; Investment; Money Remaining At Close Of Fiscal Year; Deposit Of Interest And Earnings; Transfer Of Funds; Deposit Of Michigan Tobacco Settlement Revenue - Mich. Comp. Laws Section 12.257
  (2) The state treasurer shall direct the investment of the 21st century jobs trust fund, which may be invested as part of the common cash ...
• Transfer And Disbursement Of Funds; Purpose - Mich. Comp. Laws Section 12.258
  History: Add. 2005, Act 232, Imd. Eff. Nov. 21, 2005 ...
• Michigan Merit Award Trust Fund; Establishment; Money Remaining At Close Of Fiscal Year; Investment; Allocation Of Tobacco Settlement Revenue - Mich. Comp. Laws Section 12.259
  (2) Money in the Michigan merit award trust fund at the close of a fiscal year shall remain in the Michigan merit award trust fund ...
• Michigan Merit Award Trust Fund; Disbursement Of Funds; Purpose - Mich. Comp. Laws Section 12.260
  (a) Michigan merit award scholarships under the Michigan merit award scholarship act, 1999 PA 94, MCL 390.1451 to 390.1459, or to a successor to that ...

Last modified: January 3, 2008