Loading chat...
MI HB6352
Bill
Status
9/25/2018
Primary Sponsor
Patrick Green
Click for details
AI Summary
-
Amends the 1943 Public Corporations Investment Act (MCL 129.91 to 129.97a) by adding section 6a requiring quarterly optimization reports from financial institutions to public corporations with deposited or invested funds.
-
Financial institutions must provide reports to each public corporation's investment officer and governing body identifying eligible investment vehicles and recommending strategies to increase investment income.
-
Takes effect 90 days after enactment into law.
Legislative Description
Financial institutions; generally; investment reports to municipal clients; require. Amends 1943 PA 20 (MCL 129.91 - 129.97a) by adding sec. 6a.
Local government: financing
Last Action
Bill Electronically Reproduced 09/25/2018
9/26/2018