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MI SB0953
Bill
AI Summary
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Adds Section 7a to the Local Financial Stability and Choice Act (2012 PA 436) to authorize the state treasurer to declare a financial emergency in school districts that fail to comply with enhanced deficit elimination plans.
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Allows the state treasurer to recommend that the governor appoint an emergency manager to address the financial emergency when a school district subject to an enhanced deficit elimination plan under MCL 380.1220 fails to submit or comply with plan requirements.
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Takes effect only upon enactment of Senate Bills 952, 955, and 956 of the 97th Legislature (contingent enactment tied to companion bills).
Legislative Description
Education; financing; school district placement into control of an emergency manager for failure to comply with enhanced deficit elimination plan; provide for. Amends 2012 PA 436 (MCL 141.1541 - 141.1575) by adding sec. 7a. TIE BAR WITH: SB 0952'14, SB 0955'14, SB 0956'14
Education, school districts
Last Action
Referred To Second Reading
12/11/2014