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Michigan Compiled Laws, Chapter 333. Health § 333.5863

Current as of February 09, 2022 | Updated by FindLaw Staff

Sec. 5863.  (1) The department of treasury shall do all of the following:

(a) Receive money granted to this state by the federal government under this part.

(b) Receive payments as provided in section 5841   1 and keep that money in the parent participation fund.

(c) Disburse money from the funds on certification by the department.

(2) The state treasurer shall direct the investment of the children with special needs fund.  The state treasurer has the same authority to invest assets of the children with special needs fund as is granted to an investment fiduciary that is investing assets under the public employee retirement system investment act, 1965 PA 314, MCL 38.1132 to 38.1141.  The state treasurer shall comply with the divestment from terror act, 2008 PA 234, MCL 129.291 to 129.301, in making investments under this subsection.

1  M.C.L.A. § 333.5841.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 333. Health § 333.5863 - last updated February 09, 2022 | https://codes.findlaw.com/mi/chapter-333-health/mi-comp-laws-333-5863/

Read this complete Michigan Compiled Laws, Chapter 333. Health § 333.5863 on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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