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Michigan Legislature
Michigan Compiled Laws Complete Through PA 93 of 2019
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Act 187 of 2014
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Act 187 of 2014

AN ACT to create the Michigan settlement administration authority; to provide for the operation of the authority; to create certain funds; to authorize the resolution of certain potential claims against the state; to prescribe the powers and duties of the authority and certain other state officials and state employees; and to make certain appropriations.

History: 2014, Act 187, Imd. Eff. June 20, 2014

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 141.1601SectionShort title.
Section 141.1602SectionLegislative findings and declarations.
Section 141.1603SectionDefinitions.
Section 141.1604SectionMichigan settlement administration authority; creation; authority as state institution; appropriation.
Section 141.1605SectionAuthority; exercise of duties; performance of administrative functions.
Section 141.1606SectionBoard of directors; membership; compensation; travel and expenses; quorum; vote; members subject to MCL 15.321 to 15.330 and MCL 15.301 to 15.310; discharge of duties.
Section 141.1607SectionSettlement administration fund; creation; deposit of money or other assets; investment; interest and earnings; money remaining at close of fiscal year; expenditure.
Section 141.1608SectionDisbursement to retirement systems; conditions; return of money to countercyclical budget and economic stabilization fund; dissolution of authority.
Section 141.1609SectionPublic and governmental purpose.
Section 141.1610SectionState contribution; obligation.
Section 141.1611SectionLiability.
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