Statutes > Michigan Statutes > Chapter 38 - CIVIL SERVICE AND RETIREMENT > Act 314 of 1965 - PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT (38.1121 - 38.1140m) > Section 38.1139a - State treasurer as investment fiduciary; investments in private equity; limitation.

Section 38.1139a - State treasurer as investment fiduciary; investments in private equity; limitation.

PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT (EXCERPT)
Act 314 of 1965

38.1139a State treasurer as investment fiduciary; investments in private equity; limitation.

Sec. 19a.

If the investment fiduciary is the state treasurer, investments in private equity shall not be more than 30% of the total assets.


History: Add. 2008, Act 425, Imd. Eff. Jan. 6, 2009