Michigan § 129.143 - Contracts between participating county and local units; local government investment pool; management, investment, and reinvestment.
Full text of Michigan Michigan Compiled Laws § 129.143 — Contracts between participating county and local units; local government investment pool; management, investment, and reinvestment., with citation guidance and answers to common questions.
§ 129.143. Contracts between participating county and local units; local government investment pool; management, investment, and reinvestment.
A participating county may contract to accept money from local units within that county for management, investment, and reinvestment by the county treasurer. The treasurer of the participating county may pool that money with money deposited by other local units under this act in a local government investment pool for purposes of management, investment, and reinvestment.
A local unit may enter into a contract with a participating county to place surplus funds in an investment pool.
The treasurer of a participating county shall manage, invest, and reinvest the money in the investment pool on behalf of each local unit that deposits money in the investment pool. The treasurer shall manage, invest, or reinvest the money in the investment pool in the same manner as surplus county funds under Act No. 20 of the Public Acts of 1943, being sections 129.91 to 129.93 of the Michigan Compiled Laws.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 129.143
What does Michigan Compiled Laws § 129.143 cover?
Section 129.143 ("Contracts between participating county and local units; local government investment pool; management, investment, and reinvestment.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 129.143?
A common citation format is "Michigan Compiled Laws § 129.143" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 129.143 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.