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| | TREASURY - 2000-1 Public Employee Health Care Funds Public Act 149 of 1999 |
 | | The legislative body of a public corporation (a county, city, village, township, authority, district, board, or commission) may adopt a resolution establishing a public employee health care fund for the purpose of accumulating funds to provide for the funding of health care benefits to retirees and beneficiaries of the retiree of the public corporation. |
 | | The public corporation may invest the fund's assets in the investment instruments and is subject to the limitations governing the investment of assets of public employee retirement systems under the Public Employee Retirement Systems Investment Act, PA 314 of 1965, MCL 38.1132 to 38.1140. |
 | | The public corporation treasurer is the custodian of all funds of the local unit. |
| www.michigan.gov /treasury/0,1607,7-121-1751_2194-7629--,00.html (861 words) |
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