Bill Text: MI HB5661 | 2013-2014 | 97th 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 18-0)

Status: (Introduced - Dead) 2014-06-12 - Printed Bill Filed 06/12/2014 [HB5661 Detail]

Download: Michigan-2013-HB5661-Introduced.html

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HOUSE BILL No. 5661

 

June 11, 2014, Introduced by Reps. Faris, Kosowski, Driskell, Lamonte, Switalski, Haugh, Tlaib, Knezek, Schor, Phelps, Lane, Smiley, Kandrevas, Darany, Brinks, Geiss, Dianda and Oakes 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 state, shall be included

 

in the comprehensive annual financial report of the 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 2014-

 

2015 fiscal year and each fiscal year thereafter shall contain an

 

itemization of all payments to each local unit of government during

 

that fiscal year.