MI HB5100

Allows the governor to appoint a receivership transition advisory board to monitor a local government's affairs before removing it from receivership.

Board membership includes the state treasurer, director of the department of technology, management, and budget, and superintendent of public instruction (if the local government is a school district), plus other individuals with relevant professional experience and local residents appointed by the governor.

Restricts former emergency managers or emergency financial managers to nonvoting membership on the advisory board for the local government where they previously served.

Grants the board authority to require annual revenue estimating conferences, monthly cash flow projections, and review and approval of proposed budgets, debt issuances, collective bargaining agreements, and judgment levies.

Makes the receivership transition advisory board subject to the open meetings act and freedom of information act, with procedural rules not subject to the administrative procedures act.