reglab/housing_qa huggingface dataset:
MI Comp L § 129.293 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)|Section 129.293 - Scrutinized Companies; Identification by Fiduciary.

129.293 Scrutinized companies; identification by fiduciary.Sec. 3.  Within 90 days after the effective date of this act, the fiduciary shall make its best efforts to identify all scrutinized companies in which the fiduciary has direct or indirect holdings or has a current option to have such holdings in the future. The efforts may include 1 or more of the following:  (a) Reviewing and relying, as appropriate in the fiduciary's judgment, on publicly available information regarding companies with business operations in a state sponsor of terror, including information provided by nonprofit organizations, research firms, international organizations, and government entities.  (b) Contacting asset managers contracted by the fiduciary that invest in companies with business operations in a state sponsor of terror.  (c) Contacting other institutional investors that have divested from or engaged with companies that have business operations in a state sponsor of terror.  (d) Reviewing the laws of the United States regarding the levels of business activity that would cause application of sanctions against companies conducting business or investing in countries that are designated state sponsors of terror. History: 2008, Act 234, Imd. Eff. July 17, 2008
MI Comp L § 129.295 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)|Section 129.295 - Internet Website; Collection and Publication of Information.

129.295 Internet website; collection and publication of information.Sec. 5.  The department of treasury shall collect and publish the following information on the department's internet website no later than 1 year after the effective date of this act and shall periodically update the information at reasonable intervals:  (a) All investments sold, redeemed, divested, or withdrawn in compliance with this section.  (b) All prohibited investments made under this section.  (c) Any progress made under section 4(3)(g). History: 2008, Act 234, Imd. Eff. July 17, 2008
MI Comp L § 129.296 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)|Section 129.296 - Exemption From Conflicting Statutory or Common Law Obligations.

129.296 Exemption from conflicting statutory or common law obligations.Sec. 6.  (1) With respect to actions taken in compliance with this act, including all good faith determinations regarding companies as required by this act, the fiduciary shall be exempt from any conflicting statutory or common law obligations, including any obligations in respect to choice of asset managers, investment funds, or investments for the fiduciary's securities portfolios.  (2) The fiduciary, members of an investment advisory committee, and any person with decision-making authority with regard to investments of the fiduciary shall not be held liable for any action undertaken for the purpose of complying with or executing the mandates required under this act. History: 2008, Act 234, Imd. Eff. July 17, 2008
MI Comp L § 129.297 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)|Section 129.297 - Severability.

129.297 Severability.Sec. 7.  If any provision, section, subsection, sentence, clause, phrase, or word of this act or its application to any person or circumstance is found to be invalid, illegal, unenforceable, or unconstitutional, the same is hereby declared to be severable and the balance of this legislation shall remain effective and functional notwithstanding such invalidity, illegality, unenforceability, or unconstitutionality. History: 2008, Act 234, Imd. Eff. July 17, 2008
MI Comp L § 129.298 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)|Section 129.298 - Business With Sudan; Fiduciary Subject to Provisions of Public Employee Retirement System Investment Act.

129.298 Business with Sudan; fiduciary subject to provisions of public employee retirement system investment act.Sec. 8.  If a scrutinized company does business with the government of Sudan and the fiduciary is subject to the divestment provisions of section 13c of the public employee retirement system investment act, 1965 PA 314, MCL 38.1133c, for that period of time the fiduciary shall follow the divestment criteria contained in section 13c of the public employee retirement system investment act, 1965 PA 314, MCL 38.1133c, and not the divestment provisions of this act. History: 2008, Act 234, Imd. Eff. July 17, 2008
MI Comp L § 129.299 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)|Section 129.299 - Business With Iran; Fiduciary Subject to Provisions of Public Employee Retirement System Investment Act.

129.299 Business with Iran; fiduciary subject to provisions of public employee retirement system investment act.Sec. 9.  If a scrutinized company does business with the government of Iran and the fiduciary is subject to the divestment provisions of section 13d of the public employee retirement system investment act, 1965 PA 314, MCL 38.1133d, for that period of time the fiduciary shall follow the divestment criteria contained in section 13d of the public employee retirement system investment act, 1965 PA 314, MCL 38.1133d, and not the divestment provisions of this act. History: 2008, Act 234, Imd. Eff. July 17, 2008
MI Comp L § 129.300 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)|Section 129.300 - Applicability of Act; Dates; Extension.

129.300 Applicability of act; dates; extension.Sec. 10.  (1) If a state sponsor of terror is any of the following countries, then, except as provided in subsection (2), the provisions of this act begin to apply on the following dates:  (a) Syria, January 1, 2010.  (b) Cuba, January 1, 2011.  (c) Any other country, 12 months following the determination by the United States secretary of state.   (2) The state treasurer may extend, not more than 2 times, 1 or more of the dates in which the provisions of this act apply that are described in subsection (1) for 1 year if the state treasurer determines 1 or more of the following:  (a) The constitutionality of the divestment provisions of this act are in conflict with federal law.  (b) The department of treasury is not able to gather sufficient information to prepare an accurate scrutinized companies list. History: 2008, Act 234, Imd. Eff. July 17, 2008
MI Comp L § 129.301 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 234 of 2008 - Divestment From Terror Act (129.291 - 129.301)|Section 129.301 - Divestment of Funds; Recommendations of Department of Treasury.

129.301 Divestment of funds; recommendations of department of treasury.Sec. 11.  Not later than October 1, 2010 and October 1, 2011, and not later than 9 months immediately following the determination of another country as a state sponsor of terror, the department of treasury shall make recommendations to each house of the legislature and to the standing committees of the senate and house of representatives having jurisdiction over issues pertaining to divestment of state funds on what statutory changes are needed to improve the effectiveness of this act and whether the department of treasury has extended or will extend 1 or more of the dates provided in section 10(1) and the reason for that extension as described in section 10(2). History: 2008, Act 234, Imd. Eff. July 17, 2008
MI Comp L § 129.311 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 517 of 2012 - Iran Economic Sanctions Act (129.311 - 129.316)|Section 129.311 - Short Title.

129.311 Short title.Sec. 1.  This act shall be known and may be cited as the "Iran economic sanctions act". History: 2012, Act 517, Eff. Apr. 1, 2013
MI Comp L § 129.312 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 517 of 2012 - Iran Economic Sanctions Act (129.311 - 129.316)|Section 129.312 - Definitions.

129.312 Definitions.Sec. 2.  As used in this act:  (a) "Energy sector of Iran" means activities to develop petroleum or natural gas resources or nuclear power in Iran.  (b) "Investment" means 1 or more of the following:  (i) A commitment or contribution of funds or property.  (ii) A loan or other extension of credit.  (iii) The entry into or renewal of a contract for goods or services.  (c) "Investment activity" means 1 or more of the following:  (i) A person who has an investment of $20,000,000.00 or more in the energy sector of Iran.  (ii) A financial institution that extends $20,000,000.00 or more in credit to another person, for 45 days or more, if that person will use the credit for investment in the energy sector of Iran.   (d) "Iran" means any agency or instrumentality of Iran.  (e) "Iran linked business" means either of the following:  (i) A person engaging in investment activities in the energy sector of Iran, including a person that provides oil or liquefied natural gas tankers or products used to construct or maintain pipelines used to transport oil or liquefied natural gas for the energy sector of Iran.  (ii) A financial institution that extends credit to another person, if that person will use the credit to engage in investment activities in the energy sector of Iran.  (f) "Person" means any of the following:  (i) An individual, corporation, company, limited liability company, business association, partnership, society, trust, or any other nongovernmental entity, organization, or group.  (ii) Any governmental entity or instrumentality of a government, including a multilateral development institution, as defined in section 1701(c)(3) of the international financial institutional act, 22 USC 262r(c)(3).  (iii) Any successor, subunit, parent company, or subsidiary of, or company under common ownership or control with, any entity described in subparagraph (i) or (ii).  (g) "Public entity" means this state or an agency or authority of this state, school district, community college district, intermediate school district, city, village, township, county, public authority, or public airport authority. History: 2012, Act 517, Eff. Apr. 1, 2013
MI Comp L § 129.313 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 517 of 2012 - Iran Economic Sanctions Act (129.311 - 129.316)|Section 129.313 - Ineligibility of Iran Linked Business to Submit Request for Proposal Bid; Certification.

129.313 Ineligibility of Iran linked business to submit request for proposal bid; certification.Sec. 3.  (1) Beginning April 1, 2013, an Iran linked business is not eligible to submit a bid on a request for proposal with a public entity.  (2) Beginning April 1, 2013, a public entity shall require a person that submits a bid on a request for proposal with the public entity to certify that it is not an Iran linked business. History: 2012, Act 517, Eff. Apr. 1, 2013
MI Comp L § 129.314 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 517 of 2012 - Iran Economic Sanctions Act (129.311 - 129.316)|Section 129.314 - Effect of False Certification.

129.314 Effect of false certification.Sec. 4.  If a public entity determines, using credible information available to the public, that a person has submitted a false certification under section 3(2), the public entity shall provide the person with written notice of its determination and of the intent not to enter into or renew a contract with the person. The notice shall include information on how to contest the determination and specify that the person may become eligible for a future contract with the public entity if the person ceases the activities that cause it to be an Iran linked business. The person shall have 90 days following receipt of the notice to respond in writing and to demonstrate that the determination of false certification was made in error. If a person does not make that demonstration within 90 days after receipt of the notice, the public entity may terminate any existing contract and shall report the name of the person to the attorney general together with information supporting the determination. History: 2012, Act 517, Eff. Apr. 1, 2013
MI Comp L § 129.315 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 517 of 2012 - Iran Economic Sanctions Act (129.311 - 129.316)|Section 129.315 - Civil Action; Penalty.

129.315 Civil action; penalty.Sec. 5.  The attorney general may bring a civil action against any person reported under section 4. If a civil action results in a finding that the person submitted a false certification, the person is responsible for a civil penalty of not more than $250,000.00 or 2 times the amount of the contract or proposed contract for which the false certification was made, whichever is greater, the cost of the public entity's investigation, and reasonable attorney fees, in addition to the fine. A person who submitted a false certification shall be ineligible to bid on a request for proposal for 3 years from the date the public entity determines that the person has submitted the false certification. History: 2012, Act 517, Eff. Apr. 1, 2013
MI Comp L § 129.316 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 517 of 2012 - Iran Economic Sanctions Act (129.311 - 129.316)|Section 129.316 - Conditional Effect.

129.316 Conditional effect.Sec. 6.  The provisions of this act are effective only if Iran is a state sponsor of terror as defined under section 2 of the divestment from terror act, 2008 PA 234, MCL 129.292. History: 2012, Act 517, Eff. Apr. 1, 2013
MI Comp L § 141.11 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 42 of 1913 - County Sinking Fund Commission (141.11 - 141.20)|Section 141.11 - County Sinking Fund Commissioners.

141.11 County sinking fund commissioners. Sec. 1.  The county treasurer, the register of deeds, the county clerk, the chairman of the board of supervisors and the chairman of the finance committee of the board of supervisors of the several counties of this state, shall constitute and be a board of county sinking fund commissioners. History: 1913, Act 42, Eff. Aug. 14, 1913 ;-- CL 1915, 2386 ;-- CL 1929, 1235 ;-- CL 1948, 141.11
MI Comp L § 141.12 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 42 of 1913 - County Sinking Fund Commission (141.11 - 141.20)|Section 141.12 - County Sinking Fund Commissioners; Handling of Fund, Investment.

141.12 County sinking fund commissioners; handling of fund, investment. Sec. 2.  The said board of sinking fund commissioners shall from time to time upon the best terms it can make, purchase or pay the outstanding bonded debt of the county, or such part thereof as it may be able to purchase or pay, until the full amount thereof be fully purchased or paid. Whenever it cannot arrange for the purchasing or paying of said debt, or any part thereof, it shall temporarily and until it can so arrange, invest the moneys belonging to the sinking fund in such interest bearing securities as it may deem advisable; and all matured bonds or evidences of debt so purchased shall be delivered to the county treasurer and shall become and be the property of the county, held and controlled by said board of sinking fund commissioners, and the interest thereon as it thereafter becomes due shall be credited and belong to the sinking fund. History: 1913, Act 42, Eff. Aug. 14, 1913 ;-- CL 1915, 2387 ;-- CL 1929, 1236 ;-- CL 1948, 141.12
MI Comp L § 141.13 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 42 of 1913 - County Sinking Fund Commission (141.11 - 141.20)|Section 141.13 - County Sinking Fund Commissioners; Control of Fund, Application.

141.13 County sinking fund commissioners; control of fund, application. Sec. 3.  Said board of sinking fund commissioners shall have exclusive control of the money of the sinking fund, and shall faithfully apply the same whenever possible, or it may appear to the county's interests, to the payment of the principal and interest of the bonded indebtedness of the county, and to no other purpose whatever, excepting as herein otherwise provided. History: 1913, Act 42, Eff. Aug. 14, 1913 ;-- CL 1915, 2388 ;-- CL 1929, 1237 ;-- CL 1948, 141.13
MI Comp L § 141.14 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 42 of 1913 - County Sinking Fund Commission (141.11 - 141.20)|Section 141.14 - Board of Sinking Fund Commissioners; Annual Meeting; Transaction of Business; Rules; Quorum; Payment of Outstanding Debt; Investment of Money; Presiding Officer; Clerk; Record; Conducting Business at Public Meeting; Notice of Meeting; Availability of Certain Writings to Public.

141.14 Board of sinking fund commissioners; annual meeting; transaction of business; rules; quorum; payment of outstanding debt; investment of money; presiding officer; clerk; record; conducting business at public meeting; notice of meeting; availability of certain writings to public. Sec. 4.  (1) The annual meeting of the board of sinking fund commissioners shall be held on the first Tuesday in September of each year. The board of sinking fund commissioners may meet from time to time for the transaction of business, and may adopt rules of proceeding for its meeting. A majority of the whole board shall constitute a quorum for the transaction of business, but shall not purchase or pay the outstanding debt of the county or invest money belonging to the sinking fund as provided in this act, except under a resolution for that purpose passed and approved by a 2/3 vote of the whole board by ayes and nays to be entered on the record at a regular meeting or a special meeting called for that purpose. The chairperson of the county board of commissioners, or in case of his or her absence, some member to be designated by those present, shall preside at the meeting of the board. The county clerk shall be the clerk of the board of sinking fund commissioners, and it shall be the clerks duty to keep a true record of all meetings of the board. The record shall be kept on file in and be a part of the records of the office of the county clerk.  (2) The business which the board of sinking fund commissioners may perform shall be conducted at a public meeting of the board held in compliance with Act No. 267 of the Public Acts of 1976, being sections 15.261 to 15.275 of the Michigan Compiled Laws. Public notice of the time, date and place of the meeting shall be given in the manner required by Act No. 267 of the Public Acts of 1976.   (3) A writing prepared, owned, used, in the possession of, or retained by the board of sinking fund commissioners in the performance of an official function shall be made available to the public in compliance with Act No. 442 of the Public Acts of 1976, being sections 15.231 to 15.246 of the Michigan Compiled Laws. History: 1913, Act 42, Eff. Aug. 14, 1913 ;-- CL 1915, 2389 ;-- CL 1929, 1238 ;-- CL 1948, 141.14 ;-- Am. 1977, Act 194, Imd. Eff. Nov. 17, 1977
MI Comp L § 141.15 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 42 of 1913 - County Sinking Fund Commission (141.11 - 141.20)|Section 141.15 - County Treasurer; Duties as Custodian, Bond.

141.15 County treasurer; duties as custodian, bond. Sec. 5.  The county treasurer shall have custody of all moneys, securities and evidences of debt belonging to or pertaining to said sinking fund, and he shall pay out the moneys of said fund only by order of the board of sinking fund commissioners by a 2/3 vote of the members thereof as aforesaid, and upon the warrant of the chairman of the board of supervisors, countersigned by the clerk. The official bond of the county treasurer shall cover any and all funds in his hands belonging to the sinking fund. History: 1913, Act 42, Eff. Aug. 14, 1913 ;-- CL 1915, 2390 ;-- CL 1929, 1239 ;-- CL 1948, 141.15
MI Comp L § 141.16 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 42 of 1913 - County Sinking Fund Commission (141.11 - 141.20)|Section 141.16 - Condition Reports to Supervisors; Tax Recommendations.

141.16 Condition reports to supervisors; tax recommendations.  Sec. 6.  Said board of sinking fund commissioners shall from time to time, but at least annually, and whenever requested by the board of supervisors, make report of the condition of the sinking fund, which report shall be made to the board of supervisors and then referred to and filed with the county clerk and be recorded by him. It shall recommend to the board of supervisors the sum of money that in its judgment should be raised by direct taxation for the benefit of the sinking fund. History: 1913, Act 42, Eff. Aug. 14, 1913 ;-- CL 1915, 2391 ;-- CL 1929, 1240 ;-- CL 1948, 141.16
MI Comp L § 141.17 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 42 of 1913 - County Sinking Fund Commission (141.11 - 141.20)|Section 141.17 - Tax Levy; Bond Sale Proceeds, Interest, Deposit.

141.17 Tax levy; bond sale proceeds, interest, deposit.  Sec. 7.  The board of supervisors shall in each year levy and collect a tax for the benefit of the sinking fund. Whenever any bonds of the county shall be sold for more than par value all of the premium or amount received on such sale more than the par face value of the bonds sold, not including interest accrued upon said bonds that may be paid by the purchaser, shall be credited and belong to the sinking fund. All of the interest paid to the county on the securities held by the county shall belong to and be placed in the sinking fund. History: 1913, Act 42, Eff. Aug. 14, 1913 ;-- CL 1915, 2392 ;-- CL 1929, 1241 ;-- CL 1948, 141.17
MI Comp L § 141.18 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 42 of 1913 - County Sinking Fund Commission (141.11 - 141.20)|Section 141.18 - Per Diem; Expenses; County Charge.

141.18 Per diem; expenses; county charge. Sec. 8.  The necessary expenses of the board of sinking fund commissioners incurred in the performing of any of their duties imposed upon them by this act shall be a proper charge against said county to be paid from the general fund. The chairman of the board of supervisors and the chairman of the finance committee shall receive as compensation the sum of 3 dollars per day for each and every day they shall actually attend any regular or special meeting of said board of sinking fund commissioners, and they shall also receive their traveling expenses at the rate of 10 cents a mile 1 way figuring over the usual traveled route from their residence to the place of meetings of said board. History: 1913, Act 42, Eff. Aug. 14, 1913 ;-- CL 1915, 2393 ;-- CL 1929, 1242 ;-- CL 1948, 141.18
MI Comp L § 141.19 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 42 of 1913 - County Sinking Fund Commission (141.11 - 141.20)|Section 141.19 - Commissioner's Rules.

141.19 Commissioner's rules. Sec. 9.  Said board of sinking fund commissioners is authorized to adopt rules not in conflict herewith for the government of its actions, and shall be authorized for the purpose of enforcing the collection of any bonds or securities taken by it to bring suit in the name of the county board of sinking fund commissioners. History: 1913, Act 42, Eff. Aug. 14, 1913 ;-- CL 1915, 2394 ;-- CL 1929, 1243 ;-- CL 1948, 141.19
MI Comp L § 141.20 (2021)
2021 Michigan Compiled Laws|Chapter 141 - Municipal Financing|Act 42 of 1913 - County Sinking Fund Commission (141.11 - 141.20)|Section 141.20 - Approval of Act by Supervisors.

141.20 Approval of act by supervisors. Sec. 10.  Before this act shall be operative in any county in this state it shall be adopted by a 2/3 vote of the board of supervisors regularly convened at any regular, adjourned or special meeting of said board of supervisors for that particular county. History: 1913, Act 42, Eff. Aug. 14, 1913 ;-- CL 1915, 2395 ;-- CL 1929, 1244 ;-- CL 1948, 141.20