MI HB5649

The State Housing Development Authority must comply with the state financial management guide issued by the Department of Technology, Management, and Budget, including prohibitions on advance contract payments without departmental approval.

The authority must use competitive solicitation for any contract, contract renewal, or group of contracts awarded to a single company valued at $25,000 or more.

Members and employees of the authority cannot engage in employment or services with another person if such activity conflicts with their official duties or impairs their independent judgment.

Members and employees cannot participate in negotiating or executing contracts, making loans, granting subsidies, or other decisions relating to entities in which they have a financial or personal interest, with limited exceptions.

Members may participate in governmental decisions involving conflicts of interest if a quorum would otherwise be unavailable, they work less than 25 hours per week for the state, and they promptly disclose their interest; for contract awards, their direct benefit must be less than $250 or 5% of the contract cost (whichever is less) and they must file a sworn affidavit.