Bill Text: MI HB6034 | 2011-2012 | 96th Legislature | Introduced

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Bill Title: Records; public; entity receiving over certain amount of taxpayer money; require to post union contracts, financials, and salary package and salary of top 10 employees online. Creates new act.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-11-28 - Printed Bill Filed 11/28/2012 [HB6034 Detail]

Download: Michigan-2011-HB6034-Introduced.html

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HOUSE BILL No. 6034

 

November 27, 2012, Introduced by Rep. McMillin and referred to the Committee on Oversight, Reform, and Ethics.

 

     A bill to require private entities that receive public funds

 

to post certain information on a publicly accessible website; to

 

require public entities to obtain a compliance statement before

 

transferring public funds to private entities; and to establish the

 

thresholds for applying posting and statement requirements to

 

transfers of public funds to private entities.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 1. (1) A nonpublic entity, whether for-profit or

 

nonprofit, that receives $1,000,000.00 or more in public funds

 

during a fiscal year shall post all of the following information

 

for that fiscal year on a website that is accessible by the public:

 

     (a) Any union contracts it has entered into that are in force.

 

     (b) Its certified financial statement.

 

     (c) The dollar cost of the compensation and benefits

 

identified to each of its 10 most highly compensated employees or

 

officers.

 

     (d) Any contract it enters into that has a value of $25,000.00

 

or more.

 

     (2) A public entity in this state shall not transfer public

 

funds with a value of $100,000.00 or more to a nonpublic entity in

 

a fiscal year unless the nonpublic entity provides a written

 

statement that it will post information in compliance with

 

subsection (1) if the cumulative amount of public funds the

 

nonpublic entity receives from all public entities in this state

 

during a fiscal year exceeds $1,000,000.00.

 

     (3) As used in this section, "public funds" means money or

 

property to which all of the following apply:

 

     (a) It is a grant or other gratuitous transfer.

 

     (b) It is received from this state, a unit of local government

 

of this state, or another public entity in this state that receives

 

its funding primarily from state or local government fees or taxes.

 

     (c) It is not money or property the public entity transfers

 

under a contract in exchange for goods or services.

 

     (d) It is not a loan that the recipient is bound to repay.