MI HB4884

Requires emergency managers in receivership to implement prompt payment practices that incentivize vendor participation and competitive pricing.

Mandates request for proposal schedules that allow reasonable time for vendor inspection and maximize local business participation.

Requires contracts and collective bargaining agreements to emphasize local participation and enhance the local government's tax base to reverse declining revenues.

Mandates labor agreements for bond-funded projects include hiring preferences for qualified unemployed skilled workers with 6 months or more verified residency in the local government.

Requires design and build proposals for bond-funded projects to provide incentives for local lead contractors, local joint ventures, or contractor participation plans with at least 51% participation by locally headquartered contractors and at least 70% contract labor participation by local residents.