Section 38.1132a - Definitions; A.
PUBLIC EMPLOYEE RETIREMENT SYSTEM INVESTMENT ACT (EXCERPT)
Act 314 of 1965
38.1132a Definitions; A.
Sec. 12a.
“Assets”, for the purpose of meeting asset limitations contained in this act, means the total of the cash and investments of a system valued at market.
History: Add. 1996, Act 485, Imd. Eff. Dec. 27, 1996