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MI SB0739
Bill
AI Summary
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Board composition expanded to allow authority rules to permit public officials to serve in their official capacity rather than as individuals, with board terms expiring upon expiration of their public service.
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Board membership continues to consist of 7 members appointed by the chief executive officer (subject to governing body approval), plus 1 county commissioner, 1 community/junior college representative, and 2 members from local governmental units levying 20% or more of ad valorem property taxes in the authority district.
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Board procedures must comply with the Open Meetings Act (1976 PA 267, MCL 15.261 to 15.275), with rules of procedure subject to governing body approval.
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Financial records and expense items must be publicized annually and made available to the public under the Freedom of Information Act (1976 PA 442, MCL 15.231 to 15.246).
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Board members serve 4-year terms after initial staggered appointments, receive no compensation but are reimbursed for actual and necessary expenses, and can be removed for cause by the governing body subject to circuit court review.
Legislative Description
Economic development; local development financing authority; board membership; modify. Amends sec. 5 of 1986 PA 281 (MCL 125.2155).
Economic development, local development financing authority
Last Action
Referred To Committee On Commerce
6/4/2014