Bill Text: MI HB4017 | 2017-2018 | 99th Legislature | Introduced

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Bill Title: State financing and management; budget; disclosure of payments to local units of government; require. Amends sec. 492 of 1984 PA 431 (MCL 18.1492).

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2017-01-18 - Bill Electronically Reproduced 01/12/2017 [HB4017 Detail]

Download: Michigan-2017-HB4017-Introduced.html

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HOUSE BILL No. 4017

 

 

January 12, 2017, Introduced by Rep. Faris and referred to the Committee on Appropriations.

 

     A bill to amend 1984 PA 431, entitled

 

"The management and budget act,"

 

by amending section 492 (MCL 18.1492), as amended by 1999 PA 8.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 492. (1) The financial statements of all state agencies,

 

as defined by generally accepted accounting principles as falling

 

within the reporting responsibility of the this state, shall be

 

included in the comprehensive annual financial report of the this

 

state. The director shall designate and notify each state agency of

 

this responsibility as well as describe the statement format that

 

shall be followed by each agency so notified. The statements

 

provided shall be followed by each state agency so notified. The

 

statements provided shall be audited as provided by law or by the

 

auditor general or independent auditors selected by the auditor

 

general before submission to the department of technology,

management, and budget and shall be submitted not later than 90

 

days following the close of the state's fiscal year.

 

     (2) The comprehensive annual financial report for the 2016-

 

2017 fiscal year and each fiscal year thereafter must contain an

 

itemization of all payments to each local unit of government during

 

that fiscal year.