MI SB0576

Establishes the "Regulatory Boards and Commissions Ethics Act" to set supplemental conflict of interest standards for members of regulatory boards and commissions in the Department of Licensing and Regulatory Affairs.

Requires board members to disclose any pecuniary, contractual, business, employment, or personal interests in matters before the board, including interests held by spouses and children, and to abstain from participating in discussions and voting on matters where conflicts exist.

Prohibits board members from divulging confidential information, soliciting gifts or loans that could influence official duties, engaging in business transactions that profit from their position, and participating in regulatory matters involving entities in which they or immediate family members have financial interests.

Makes contracts, grants, or loans entered into by the board with a board member or their immediate family member voidable unless the affected member abstains from discussion and voting and immediately discloses the conflict of interest.

Allows any person to request that the department director investigate potential undisclosed conflicts within one year of board action, with authority to void or reconsider actions where a board member's deciding vote was cast while having an undisclosed conflict.

Takes effect July 1, 2014.