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MI SB1107
Bill
AI Summary
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Caps executive director compensation at the lower of the senate majority leader or speaker of the house compensation, as determined by the state officers compensation commission.
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Executive director serves at the pleasure of the board and may employ staff and hire consultants with board approval.
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Board determines compensation for executive director and staff, and must approve all related contracts.
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Executive director must display fund operations, efficiencies, and board assessments on the fund's public internet website.
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Effective 90 days after enactment.
Legislative Description
Insurance; other; compensation for executive director of a health endowment fund corporation; modify. Amends sec. 654 of 1980 PA 350 (MCL 550.1654).
Insurance: other
Last Action
Referred To Committee On Insurance
10/18/2016