Michigan Compiled Laws § 280.304 Revolving Drain Fund; Deposit In Bank; Interest.

280.304 Revolving drain fund; deposit in bank; interest.

Sec. 304.

The said revolving fund shall be deposited in the bank of the county offering the highest rate of interest on daily balances, final determination to be made by the board of supervisors of the particular county, the interest so received to be paid into and become a part of said fund.

History: 1956, Act 40, Imd. Eff. Mar. 28, 1956
Popular Name: Act 40

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Last modified: October 10, 2016