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MI HB6286
Bill
Status
8/15/2018
Primary Sponsor
Tenisha Yancey
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AI Summary
HB 6286 Summary
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Requires state supreme court justices, judges, and candidates for state judicial office to file annual personal financial disclosure reports with the Bureau of Elections by May 1 each year.
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Reports must disclose earned income sources ($5,000+), investment holdings (stocks, bonds, real estate valued at $50,000+), business positions ($1,000+ compensation), and other financial interests held by the filer and immediate family members.
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Bureau of Elections must make filed reports publicly available online within one business day and available for inspection within three business days of receipt.
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Establishes penalties for violations: late filing fees of $25-50 per business day (up to $5,000), and misdemeanor charges with fines up to $10,000 for knowingly filing incomplete or inaccurate reports.
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Takes effect 90 days after enactment and allows certain exemptions for spousal assets, inherited property, and Social Security benefits.
Legislative Description
Public employees and officers; ethics; financial disclosure report; require certain candidates for judicial office to file. Creates new act.
State agencies (existing): state
Last Action
Bill Electronically Reproduced 08/15/2018
9/5/2018