DG       Depository of Funds                                                                                  DG

 

At the first regular meeting of the fiscal year, the board shall designate the bank(s) or trust companies in which the funds of the district shall be deposited.  The treasurer shall deposit or cause to be deposited, funds of the district in bank(s) as authorized by the board.

 

A list of the official depositories can be found in the official record book located at the board office.

 

 

LEGAL REF: MCL, 380.1221-1222; 129.12

 

Adopted:   7/1/93

Revised:    8/21/97