Bill Text: MI SB0114 | 2011-2012 | 96th Legislature | Introduced
Bill Title: Education; reports; reporting requirements for emergency financial managers; revise to include specific dates and to require reporting to additional state officials. Amends secs. 21a & 41a of 1990 PA 72 (MCL 141.1221a & 141.1241a). TIE BAR WITH: SB 0112'11
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2011-02-09 - Referred To Committee On Education [SB0114 Detail]
Download: Michigan-2011-SB0114-Introduced.html
SENATE BILL No. 114
February 9, 2011, Introduced by Senators HUNTER and JOHNSON and referred to the Committee on Education.
A bill to amend 1990 PA 72, entitled
"Local government fiscal responsibility act,"
by amending sections 21a and 41a (MCL 141.1221a and 141.1241a), as
added by 2009 PA 181.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 21a. (1) An emergency financial manager appointed under
this article shall file with the governor, the senate majority
leader, and the speaker of the house of representatives and post on
the internet on the website of the local unit of government a
report that contains all of the following:
(a) A description of each expenditure made, approved, or
disapproved during the reporting period that has a cumulative value
of $10,000.00 or more and the source of the funds.
(b) A list of each contract that the emergency financial
manager awarded or approved with a cumulative value of $10,000.00
or more, the purpose of the contract, and the identity of the
contractor.
(c) A description of each loan sought, approved, or
disapproved during the reporting period that has a cumulative value
of $10,000.00 or more and the proposed use of the funds.
(d) A description of any new position created or any vacancy
in a permanent position filled by the appointing authority.
(e) A description of any position that has been eliminated or
from which an employee has been laid off.
(f) The written financial plan in effect in the local unit of
government as of the time the report is filed.
(2) The report required under this section shall be submitted
every 6 months, beginning 6 months after the starting date of the
emergency financial manager, on a date set by the local emergency
financial assistance loan board created under the emergency
municipal loan act, 1980 PA 243, MCL 141.931 to 141.942. The local
emergency financial assistance loan board shall set the same date
for all emergency managers appointed under this article for
submission of the report.
Sec. 41a. (1) An emergency financial manager appointed under
this article shall file with the governor, the senate majority
leader, and the speaker of the house of representatives and post on
the internet on the website of the school district a report that
contains all of the following:
(a) A description of each expenditure made, approved, or
disapproved during the reporting period that has a cumulative value
of $10,000.00 or more and the source of the funds.
(b) A list of each contract that the emergency financial
manager awarded or approved with a cumulative value of $10,000.00
or more, the purpose of the contract, and the identity of the
contractor.
(c) A description of each loan sought, approved, or
disapproved during the reporting period that has a cumulative value
of $10,000.00 or more and the proposed use of the funds.
(d) A description of any new position created or any vacancy
in a permanent position filled by the appointing authority.
(e) A description of any position that has been eliminated or
from which an employee has been laid off.
(f) The written financial plan in effect in the school
district as of the time the report is filed.
(2) The report required under this section shall be submitted
every 6 months, beginning 6 months after the starting date of the
emergency financial manager, on a date set by the education
financial emergency resolution board created under section 38. The
education financial emergency resolution board shall set the same
date for all emergency managers appointed under this article for
submission of the report.
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No. 112
of the 96th Legislature is enacted into law.
