Mich. Comp. Laws § 15.421
Short title.
This act shall be known and may be cited as the "good government financial report disclosure act".
Michigan Compiled Laws — GOOD GOVERNMENT FINANCIAL REPORT DISCLOSURE ACT (Act 427 of 1996)
Michigan · statute · 427 of 1996, Mich. Comp. Laws · 5 active provisions
Mich. Comp. Laws § 15.422
Definitions.
As used in this act: (a) "Derivative instrument or product" means either of the following: (i) A contract or convertible security that changes in value in concert with a related or underlying security, future, or other instrument or index; or that obtains much of its value from price movements in a related or underlyin…
Mich. Comp. Laws § 15.423
Availability of financial report pertaining to local unit or state department, institution, or office.
A local unit or a state department, institution, or office shall obtain and retain a copy of any financial report pertaining to that local unit or state department, institution, or office. A local unit or state department, institution, or office, including but not limited to the state treasurer or auditor general shall…
Mich. Comp. Laws § 15.424
Unauthorized investments prohibited.
This act does not authorize a local unit or this state to make investments not otherwise authorized by law.
Mich. Comp. Laws § 15.425
Exceptions.
Investments of defined contribution plans and deferred compensation plans that are chosen by the employee participating in the plan shall not be made available to the public under this act.