reglab/housing_qa huggingface dataset:
MI Comp L § 129.145 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 121 of 1985 - Local Government Investment Pool Act (129.141 - 129.150)|Section 129.145 - Written Contract Required; Uniformity and Contents of Contract; Filing and Approval of Proposed Uniform Contract; Filing Copies of and Amendments to Uniform Contract.

129.145 Written contract required; uniformity and contents of contract; filing and approval of proposed uniform contract; filing copies of and amendments to uniform contract. Sec. 5.  (1) Until the participating county treasurer and the treasurer or other chief fiscal officer of a local unit enter into a written contract regarding the deposit of money in the investment pool, that local unit shall not deposit money in, and the county treasurer shall not accept money from that local unit for deposit in, the investment pool.  (2) The contract shall be as uniform as practicable for all participants in that county. The contract shall include provisions for at least all of the following:  (a) The minimum amount of money which a local unit shall transfer to the investment pool and the minimum period of time for which that money shall remain in the investment pool.  (b) The maximum amount which a participant may withdraw without notice and the minimum notice period required for withdrawals above that amount.  (c) The period for interest earning computations and interest payments.  (d) The procedure for the deposit and withdrawal of money.  (e) The method of distribution to the participants of earnings. The distribution shall be made in a manner that equitably reflects the differing amount of the deposits of each local unit and the differing periods of time for which the amounts were deposited in the investment pool.  (f) The requirements for the county treasurer to furnish each participant periodic statements which specify the deposits, earnings, and withdrawals of the participant.  (g) The terms for termination of the contract.  (3) A county shall file a proposed uniform contract with the department of treasury. A uniform contract shall be approved by the department of treasury. If the department of treasury fails to act within 10 days after the date the proposed uniform contract is filed, the contract shall be considered approved.  (4) A copy of each executed contract and any amendment to the uniform contract shall be filed with the department of treasury. History: 1985, Act 121, Imd. Eff. July 31, 1985
MI Comp L § 129.146 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 121 of 1985 - Local Government Investment Pool Act (129.141 - 129.150)|Section 129.146 - Standard of Judgment and Care.

129.146 Standard of judgment and care. Sec. 6.  The treasurer of a participating county shall invest the money in the investment pool with the degree of judgment and care, under circumstances then prevailing, that a person of prudence, discretion, and intelligence exercises in the management of his or her own affairs, not for speculation, but for investment, considering the probable safety of his or her capital as well as the probable income to be derived from an investment of his or her capital. History: 1985, Act 121, Imd. Eff. July 31, 1985
MI Comp L § 129.147 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 121 of 1985 - Local Government Investment Pool Act (129.141 - 129.150)|Section 129.147 - Separate Accounts.

129.147 Separate accounts. Sec. 7.  The treasurer of a participating county shall maintain a separate account designated by name and number for each participant. Each account shall show the deposits, earnings, and withdrawals of the participant. History: 1985, Act 121, Imd. Eff. July 31, 1985
MI Comp L § 129.148 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 121 of 1985 - Local Government Investment Pool Act (129.141 - 129.150)|Section 129.148 - Safekeeping Depositories; Security.

129.148 Safekeeping depositories; security. Sec. 8.  (1) The treasurer of a participating county may use safekeeping depositories for the holding of securities.  (2) Security in the form of collateral, surety bond, or another form may be taken for the deposits or investments of an investment pool. History: 1985, Act 121, Imd. Eff. July 31, 1985
MI Comp L § 129.149 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 121 of 1985 - Local Government Investment Pool Act (129.141 - 129.150)|Section 129.149 - Default; Powers of Treasurer.

129.149 Default; powers of treasurer. Sec. 9.  If a default occurs in the payment of principal, interest, or other income of an investment of the investment pool, the treasurer of the participating county may do 1 or more of the following:  (a) Institute a proceeding to collect the matured principal, interest, or other income.  (b) Accept a compromise, adjustment, or disposition of the matured principal, interest, or other income as the county treasurer considers advisable for the purpose of protecting the money invested in the investment pool.  (c) Accept a compromise or adjustment as to future payments of principal, interest, or other income as the county treasurer considers advisable for the purpose of protecting money invested in the investment pool. History: 1985, Act 121, Imd. Eff. July 31, 1985
MI Comp L § 129.150 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 121 of 1985 - Local Government Investment Pool Act (129.141 - 129.150)|Section 129.150 - Orders or Warrants; Limitation; Liability for Overdraft.

129.150 Orders or warrants; limitation; liability for overdraft. Sec. 10.  An order or warrant shall not be issued upon a participant's account in an amount greater than the total of the account to which that order or warrant applies. If an order or warrant for an amount greater than the total of the account to which the order or warrant applies is issued and the order or warrant is paid, the county treasurer shall be personally liable under his or her official bond for the overdraft resulting from the payment. History: 1985, Act 121, Imd. Eff. July 31, 1985
MI Comp L § 129.171 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 470 of 2002 - Agency Financing Reporting Act (129.171 - 129.177)|Section 129.171 - Short Title.

129.171 Short title. Sec. 1.  This act shall be known and may be cited as the “agency financing reporting act”. History: 2002, Act 470, Imd. Eff. June 21, 2002
MI Comp L § 129.173 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 470 of 2002 - Agency Financing Reporting Act (129.171 - 129.177)|Section 129.173 - Definitions.

129.173 Definitions. Sec. 3.  As used in this act:  (a) “Agency” means this state, a state authority, agency, fund, commission, board, or department of this state. Agency also includes a municipality issuing debt exempt from the provisions of the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821, or the provisions of the revenue bond act of 1933, 1933 PA 94, MCL 141.101 to 141.140.  (b) “Department” means the department of treasury.  (c) “Municipality” means a county, township, city, village, school district, intermediate school district, community college district, metropolitan district, port district, drainage district, district library, or another local governmental authority in this state that has the power to issue a security.  (d) “Security” means an evidence of debt such as a bond, note, contract, obligation, refunding obligation, certificate of indebtedness, or other similar instrument issued by an agency, which pledges payment of the debt by the agency from an identified source of revenue. Security does not include the items described in section 105 of the revised municipal finance act, 2001 PA 34, MCL 141.2105. History: 2002, Act 470, Imd. Eff. June 21, 2002
MI Comp L § 129.175 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 470 of 2002 - Agency Financing Reporting Act (129.171 - 129.177)|Section 129.175 - Bulletins; Issuance by Department.

129.175 Bulletins; issuance by department. Sec. 5.  The department may issue bulletins as necessary to carry out the purposes of this act. A bulletin issued under this section shall include a statement of the department's specific statutory authority for any substantive requirement contained within the bulletin. History: 2002, Act 470, Imd. Eff. June 21, 2002
MI Comp L § 129.177 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 470 of 2002 - Agency Financing Reporting Act (129.171 - 129.177)|Section 129.177 - Filing; Form; Manner; Noncompliance; Electronic Format.

129.177 Filing; form; manner; noncompliance; electronic format. Sec. 7.  (1) Within 15 business days of completing the issuance of any security, an agency shall file all of the following with the department in a form and manner prescribed by the department:  (a) A copy of the security.  (b) A proof of publication of the notice of sale, if applicable.  (c) A copy of the award resolution including a detail of the annual interest rate and call features on the security, if any.  (d) A copy of the legal opinion regarding the legality and tax status of the security.  (e) A copy of the notice of rating of the security received from a recognized rating agency, if any.  (f) A copy of the resolution or ordinance authorizing the issuance of the security.  (g) A copy of the official statement, if any.  (2) The failure to comply with subsection (1) does not invalidate any of the securities reported under this act.  (3) The department may require that the filings to the department required by this act be filed in an electronic format prescribed by the department. History: 2002, Act 470, Imd. Eff. June 21, 2002
MI Comp L § 129.201 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.201 - Bonds of Principal Contractor on Public Building, Work, or Improvement; Irrevocable Letter of Credit.

129.201 Bonds of principal contractor on public building, work, or improvement; irrevocable letter of credit. Sec. 1.  Before any contract, exceeding $50,000.00 for the construction, alteration, or repair of any public building or public work or improvement of the state or a county, city, village, township, school district, public educational institution, other political subdivision, public authority, or public agency hereinafter referred to as the “governmental unit”, is awarded, the proposed contractor, hereinafter referred to as the “principal contractor”, shall furnish at his or her own cost to the governmental unit a performance bond and a payment bond which shall become binding upon the award of the contract to the principal contractor. However, if the principal contractor is a common carrier as defined in section 3 of Act No. 300 of the Public Acts of 1909, as amended, being section 462.3 of the Michigan Compiled Laws, or the designated operator of a state subsidized railroad, the principal contractor may provide an irrevocable letter of credit from a state or national bank or a state or federally chartered savings and loan association instead of the bonds. Neither the invitation for bids, nor any person acting, or purporting to act, on behalf of the governmental unit shall require that the bonds be furnished by a particular bank or surety company, or through a particular agent or broker, or through a bank, company, agent, or broker in any particular locality. History: 1963, Act 213, Eff. Sept. 6, 1963 ;-- Am. 1972, Act 351, Imd. Eff. Jan. 9, 1973 ;-- Am. 1982, Act 11, Imd. Eff. Feb. 17, 1982
MI Comp L § 129.202 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.202 - Performance Bond; Amount; Condition; Purpose.

129.202 Performance bond; amount; condition; purpose. Sec. 2.  The performance bond shall be in an amount fixed by the governmental unit but not less than 25% of the contract amount, conditioned upon the faithful performance of the contract in accordance with the plans, specifications and terms thereof. The bond shall be solely for the protection of the governmental unit awarding the contract. History: 1963, Act 213, Eff. Sept. 6, 1963 ;-- Am. 1972, Act 351, Imd. Eff. Jan. 9, 1973
MI Comp L § 129.203 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.203 - Payment Bond; Amount; Purpose.

129.203 Payment bond; amount; purpose. Sec. 3.  The payment bond shall be in an amount fixed by the governmental unit but not less than 25% of the contract amount solely for the protection of claimants, as defined in section 6, supplying labor or materials to the principal contractor or his subcontractors in the prosecution of the work provided for in the contract. History: 1963, Act 213, Eff. Sept. 6, 1963 ;-- Am. 1972, Act 351, Imd. Eff. Jan. 9, 1973
MI Comp L § 129.204 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.204 - Bond, Surety, Obligee.

129.204 Bond, surety, obligee. Sec. 4.  A bond shall be executed by a surety company authorized to do business in this state. In the case of a contract of the state or a department, board, commission, institution or agency thereof the bonds shall be payable to the people of the state. In the case of all other contracts the bonds shall be payable to the governmental unit. History: 1963, Act 213, Eff. Sept. 6, 1963
MI Comp L § 129.205 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.205 - Filing of Bond.

129.205 Filing of bond. Sec. 5.  The bonds shall be filed in the office of the governmental unit awarding the contract. History: 1963, Act 213, Eff. Sept. 6, 1963
MI Comp L § 129.206 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.206 - Public Works, Contractor's Bond; Definitions.

129.206 Public works, contractor's bond; definitions. Sec. 6.  A “claimant” means a person having furnished labor, material, or both, used or reasonably required for use in the performance of the contract. “Labor and material” includes that part of water, gas, power, light, heat, oil, gasoline, telephone service or rental of equipment directly applicable to the contract. History: 1963, Act 213, Eff. Sept. 6, 1963
MI Comp L § 129.207 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.207 - Enforcement of Claims; Notice of Supplier to Principal Contractor or Governmental Unit; Payment to Subcontractor.

129.207 Enforcement of claims; notice of supplier to principal contractor or governmental unit; payment to subcontractor. Sec. 7.  A claimant who has furnished labor or material in the prosecution of the work provided for in such contract in respect of which payment bond is furnished under the provisions of section 3, and who has not been paid in full therefor before the expiration of a period of 90 days after the day on which the last of the labor was done or performed by him or material was furnished or supplied by him for which claim is made, may sue on the payment bond for the amount, or the balance thereof, unpaid at the time of institution of the civil action, prosecute such action to final judgment for the sum justly due him and have execution thereon. A claimant not having a direct contractual relationship with the principal contractor shall not have a right of action upon the payment bond unless (a) he has within 30 days after furnishing the first of such material or performing the first of such labor, served on the principal contractor a written notice, which shall inform the principal of the nature of the materials being furnished or to be furnished, or labor being performed or to be performed and identifying the party contracting for such labor or materials and the site for the performance of such labor or the delivery of such materials, and (b) he has given written notice to the principal contractor and the governmental unit involved within 90 days from the date on which the claimant performed the last of the labor or furnished or supplied the last of the material for which the claim is made, stating with substantial accuracy the amount claimed and the name of the party to whom the material was furnished or supplied or for whom the labor was done or performed. Each notice shall be served by mailing the same by certified mail, postage prepaid, in an envelope addressed to the principal contractor, the governmental unit involved, at any place at which said parties maintain a business or residence. The principal contractor shall not be required to make payment to a subcontractor of sums due from the subcontractor to parties performing labor or furnishing materials or supplies, except upon the receipt of the written orders of such parties to pay to the subcontractor the sums due such parties. History: 1963, Act 213, Eff. Sept. 6, 1963
MI Comp L § 129.208 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.208 - Copies of Bonds and Contracts; Fees.

129.208 Copies of bonds and contracts; fees. Sec. 8.  The agent in charge of the office of the governmental unit shall furnish to anyone making application therefor who submits an affidavit that he has supplied labor or materials for such work and payment therefor has not been made, or that he is being sued on any such bond, or that it is the surety thereon, a certified copy of the bond and the contract for which it was given, which copy shall be prima facie evidence of the contents, execution, and delivery of the original. An applicant shall pay such reasonable fees for such certified copies as the agent in charge of the office of the governmental unit fixes to cover the actual cost of preparation thereof. History: 1963, Act 213, Eff. Sept. 6, 1963
MI Comp L § 129.209 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.209 - Venue; Statute of Limitations.

129.209 Venue; statute of limitations. Sec. 9.  An action instituted on the payment bond shall be brought only in the appropriate court in the political subdivision in which the contract was to be performed. No action shall be commenced after the expiration of 1 year from the date on which final payment was made to the principal contractor. History: 1963, Act 213, Eff. Sept. 6, 1963
MI Comp L § 129.210 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.210 - Application of Statute.

129.210 Application of statute. Sec. 10.  This act shall not apply to any contract awarded pursuant to an invitation for bids issued on or before the effective date hereof, or to any person or bonds in respect to any such contract. The rights, duties, and obligations of parties arising under, or incidental to, bonds executed prior to the effective date of this act shall continue to be governed by the statutes heretofore applicable to such bonds. History: 1963, Act 213, Eff. Sept. 6, 1963
MI Comp L § 129.211 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.211 - Repeal; Restriction on Other Statute.

129.211 Repeal; restriction on other statute. Sec. 11.  Section 64 of Act No. 59 of the Public Acts of 1915, as amended, being section 247.464 of the Compiled Laws of 1948 is repealed. The provisions of Act No. 187 of the Public Acts of 1905, as amended, being sections 570.101 to 570.105 of the Compiled Laws of 1948, shall not apply to contracts for public buildings or other public works except construction and maintenance contracts of the state highway commissioner. History: 1963, Act 213, Eff. Sept. 6, 1963
MI Comp L § 129.212 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 213 of 1963 - Contractor's Bond for Public Buildings or Works (129.201 - 129.212)|Section 129.212 - Act Inapplicable to Contracts Awarded Under MCL 280.1 to 280.630.

129.212 Act inapplicable to contracts awarded under MCL 280.1 to 280.630. Sec. 12.  This act does not apply to a contract awarded under the drain code of 1956, Act No. 40 of the Public Acts of 1956, being sections 280.1 to 280.630 of the Michigan Compiled Laws. History: Add. 1989, Act 62, Imd. Eff. June 16, 1989
MI Comp L § 129.221 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 280 of 1995 - Financial Transaction Device Payments (129.221 - 129.224)|Section 129.221 - Definitions.

129.221 Definitions. Sec. 1.  As used in this act:  (a) “Credit card” means a card or device issued by a person licensed under 1984 PA 379, MCL 493.101 to 493.114, or under the consumer financial services act, 1988 PA 161, MCL 487.2051 to 487.2072, or issued by a depository financial institution as defined in section 1a of the mortgage brokers, lenders, and servicers licensing act, 1987 PA 173, MCL 445.1651a, under a credit card arrangement.  (b) “Credit card arrangement” means an unsecured extension of credit for purchasing goods or services from the credit card issuer or any other person that is made to the holder of a credit card and that is accessed with a credit card.  (c) “Financial transaction device” means any of the following:  (i) An electronic funds transfer card.  (ii) A credit card.  (iii) A debit card.  (d) “Governing body” means any of the following:  (i) The council, commission, or other entity vested with the legislative power of a village.  (ii) The council or other entity vested with the legislative power of a city.  (iii) The township board of a township.  (iv) The county board of commissioners of a county.  (v) The board of county road commissioners of a county.  (vi) The board of education of a local school district.  (vii) The board of education of an intermediate school district.  (viii) The board of trustees of a community college district.  (ix) The official body to which is granted general governing powers over an authority or organization of government established by law which may issue obligations pursuant to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821, and which may expend funds of the authority or organization.  (e) “Local school district” means a school district organized under the revised school code, 1976 PA 451, MCL 380.1 to 380.1852, or a district governed by a special or local act.  (f) “Local unit” means any of the following:  (i) A village.  (ii) A city.  (iii) A township.  (iv) A county.  (v) A county road commission.  (vi) A local school district.  (vii) An intermediate school district.  (viii) A community college district.  (ix) An authority or organization of government established by law which may issue obligations under the revised municipal finance act, 2001 PA 34, MCL 141.2101 to MCL 141.2821, and which may expend funds of the authority or organization. History: 1995, Act 280, Imd. Eff. Jan. 9, 1996 ;-- Am. 2002, Act 256, Imd. Eff. May 1, 2002
MI Comp L § 129.222 (2021)
2021 Michigan Compiled Laws|Chapter 129 - Public Funds|Act 280 of 1995 - Financial Transaction Device Payments (129.221 - 129.224)|Section 129.222 - Acceptance of Payment by Financial Transaction; Prohibition.

129.222 Acceptance of payment by financial transaction; prohibition. Sec. 2.  A local unit shall not accept a payment by financial transaction device if prohibited by law or charter. A local unit shall not accept a payment by financial transaction device more than 6 months after the effective date of this act unless it complies with section 3. History: 1995, Act 280, Imd. Eff. Jan. 9, 1996