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Michigan SB455

Local government; financing; recommendation of a treasurer to a local public entity of 1 or more financial institutions as depositories of public money; provide for. Amends secs. 1, 2, 4 & 6 of 1932 (1st Ex Sess) PA 40 (MCL 129.11 et seq.) & repeals sec. 5 of 1932 (1st Ex Sess) PA 40 (MCL 129.15) & 1909 PA 99 (MCL 129.31 - 129.40).