MI HB4766

Allows local governments and land bank authorities to withhold payments to asbestos abatement or demolition contractors if the contractor or subcontractor has entered into or is negotiating an administrative consent order or consent judgment with environmental regulatory agencies for violations within the preceding 12 months.

Requires payment withholding to remain in effect until the contractor or regulatory agency verifies that environmental violations related to the consent order or judgment have been corrected.

Mandates that contracts between local governments or land bank authorities and asbestos abatement or demolition contractors must include the withholding payment provision described above.

Requires asbestos abatement contractors, demolition contractors, and their subcontractors to disclose to local governments or land bank authorities whether they are subject to active or pending administrative consent orders or consent judgments for environmental regulation violations.

Defines key terms including "asbestos," "asbestos abatement contractor," "asbestos abatement project," and "local government" for purposes of the act.