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MI HB5350
Bill
Status
12/12/2017
Primary Sponsor
Jeffrey Yaroch
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AI Summary
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Amends the Michigan Financial Review Commission Act to replace references to "emergency managers" with "emergency managers or a financial management team" in sections 6 and 12.
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Changes the effective date for commission oversight of qualified cities from "the effective date of this act" to June 20, 2014, whichever is later.
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Replaces "shall" with "must" throughout the amended sections for grammatical consistency and clarity in legal language.
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Exempts qualified school districts subject to an emergency manager or financial management team under the Local Financial Stability and Choice Act from commission oversight during the period such oversight is in place.
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Takes effect 90 days after enactment, contingent on passage of Senate Bill No. ____ or House Bill No. 5337.
Legislative Description
Local government; financing; reference to emergency managers in the Michigan financial review commission act; modify to include reference to financial management teams. Amends secs. 6 & 12 of 2014 PA 181 (MCL 141.1636 & 141.1642). TIE BAR WITH: HB 5337'17
Local government: financing
Last Action
Bill Electronically Reproduced 12/12/2017
12/13/2017