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MI HB5052
Bill
Status
12/16/2009
Primary Sponsor
Lesia Liss
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AI Summary
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Emergency financial managers for local government units must file semi-annual reports (every 6 months starting 6 months after appointment) with the governor, state legislative leaders, and post on the local unit's website.
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Reports must detail expenditures, contract awards, and loan requests with cumulative values of $10,000 or more, including the source of funds, contract purpose, contractor identity, and intended use of loan proceeds.
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Reports must describe all new positions created, permanent position vacancies filled, positions eliminated, and employee layoffs made by the emergency financial manager.
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Separate reporting requirements apply to emergency financial managers appointed for school districts under the same disclosure standards as local government units.
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Act took effect immediately upon gubernatorial approval on December 15, 2009.
Legislative Description
Public employees and officers; ethics; requirement for appointed financial managers to provide full financial disclosure; provide for. Amends 1990 PA 72 (MCL 141.1201 - 141.1291) by adding secs. 21a & 41a.
Public employees and officers, ethics
Last Action
Assigned Pa 181'09 With Immediate Effect
12/16/2009