PocketLaw | Michigan Compiled Laws | 436 of 2012

Determination of Probable Financial Stress; Preliminary Review; Conditions; School District; Notification to Local Government; Interim Report of Findings; Final Report; Finding of Probable Financial Stress; Appointment of Review Team for Municipal Government; Appointment of Review Team for Local School District; Staff Support; Duration of Appointment.

Section
141.1545

Review Team; Powers; Meeting With Local Government; Report; Posting on Department of Treasury's Website; Contents; Appointment of Individual or Firm to Carry Out Review and Submit Report.

Section
141.1546

Determination by Governor; Opportunity for Local Government to Submit Statement; Determination of Financial Emergency; Notification; Hearing; Findings of Fact by Governor; Report; Resolution by Local Government to Appeal Determination.

Section
141.1547

Local Government Options; Approval of Resolution by Mayor or School Board; Failure of Local Governing Body to Pass Resolution; Limitation.

Section
141.1547a

School District Subject to Enhanced Deficit Elimination Plan; Determination by State Treasurer; Declaration of Financial Emergency; Appointment of Emergency Manager; Recommendation.

Section
141.1548

Consent Agreement; Negotiation and Signature; Provisions; Continuing Operations Plan; Form; Amendment of Budget Adopted by Municipal Government or School District; Recovery Plan; Terms and Provisions; Powers Granted to Chief Administrative Officer, Chief Financial Officer, Governing Body, or Other Local Officers; Consultant; Release From Requirements.

Section
141.1549

Emergency Manager; Appointment by Governor; Powers; Qualifications; Compensation; Private Funds; Additional Staff and Assistance; Quarterly Reports; Service; Removal of Local Government From Receivership; Delegation of Duties From Governor to State Treasurer; Applicable State Laws; Appointment Under Former Act; Removal.

Section
141.1550

Orders.

Section
141.1551

Financial and Operating Plan for Local Government; Development and Amendment by Emergency Manager; Objectives; Submission; Modification; Form; Conduct of Public Informational Meeting; Effect of Plan Adopted Under Former Law.

Section
141.1552

Additional Actions by Emergency Manager; Suspension of Power of Administrative Officer and Governing Body; Contracts Subject to Competitive Bidding; Sale or Transfer of Public Utility; Limitation.

Section
141.1553

Pendency of Receivership; Compensation of Chief Administrative Officer and Members of Local Governing Body.

Section
141.1554

School District in Receivership; Additional Actions.

Section
141.1555

Sale of Asset Worth More Than $50,000.00; Payment of Benefit Upon Death of Police Officer or Firefighter.

Section
141.1556

Proposed Action; Submission to Local Governing Body; Approval or Disapproval; Alternative Proposal.

Section
141.1560

Emergency Manager; Immunity From Liability; Responsibilities of Attorney General; Costs; Insurance; Litigation Expenses After Conclusion of Date of Service; Failure of Municipal Government or School District to Honor and Remit Legal Expenses.

Section
141.1561

Adoption and Implementation of 2-Year Budget.

Section
141.1562

Determination That Financial Emergency Rectified; Actions by Governor.

Section
141.1563

Receivership Transition Advisory Board.

Section
141.1564

Determination That Financial Conditions Not Corrected; Appointment of New Emergency Manager.

Section
141.1565

Neutral Evaluation Process.

Section
141.1566

Chapter 9 Proceeding.

Section
141.1567

Duty of Local Officials and Employees to Provide Assistance and Information; Failure to Abide by Act.

Section
141.1568

Imposition of Taxes; Prohibition.

Section
141.1569

Issuance of Bulletins; Rules.

Section
141.1570

Actions Under Former Law.

Section
141.1571

Emergency Manager Serving Prior to Effective Date of Act.

Section
141.1572

Liability or Cause of Action.

Section
141.1573

Severability.

Section
141.1574

Appropriation.

Section
141.1575

436 of 2012 - Local Financial Stability and Choice Act (141.1541 - 141.1575)

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Short Title.

Definitions.

Findings; Declarations.

Review Team; Powers; Meeting With Local Government; Report; Posting on Department of Treasury's Website; Contents; Appointment of Individual or Firm to Carry Out Review and Submit Report.

Determination by Governor; Opportunity for Local Government to Submit Statement; Determination of Financial Emergency; Notification; Hearing; Findings of Fact by Governor; Report; Resolution by Local Government to Appeal Determination.

Local Government Options; Approval of Resolution by Mayor or School Board; Failure of Local Governing Body to Pass Resolution; Limitation.

School District Subject to Enhanced Deficit Elimination Plan; Determination by State Treasurer; Declaration of Financial Emergency; Appointment of Emergency Manager; Recommendation.

Orders.

Financial and Operating Plan for Local Government; Development and Amendment by Emergency Manager; Objectives; Submission; Modification; Form; Conduct of Public Informational Meeting; Effect of Plan Adopted Under Former Law.

Additional Actions by Emergency Manager; Suspension of Power of Administrative Officer and Governing Body; Contracts Subject to Competitive Bidding; Sale or Transfer of Public Utility; Limitation.

Pendency of Receivership; Compensation of Chief Administrative Officer and Members of Local Governing Body.

School District in Receivership; Additional Actions.

Sale of Asset Worth More Than $50,000.00; Payment of Benefit Upon Death of Police Officer or Firefighter.

Criminal Conduct Contributing to Receivership Status.

Report.

Recommendation to Proceed Under Chapter 9.

Proposed Action; Submission to Local Governing Body; Approval or Disapproval; Alternative Proposal.

Emergency Manager; Immunity From Liability; Responsibilities of Attorney General; Costs; Insurance; Litigation Expenses After Conclusion of Date of Service; Failure of Municipal Government or School District to Honor and Remit Legal Expenses.

Adoption and Implementation of 2-Year Budget.

Determination That Financial Emergency Rectified; Actions by Governor.

Receivership Transition Advisory Board.

Determination That Financial Conditions Not Corrected; Appointment of New Emergency Manager.

Neutral Evaluation Process.

Chapter 9 Proceeding.

Duty of Local Officials and Employees to Provide Assistance and Information; Failure to Abide by Act.

Imposition of Taxes; Prohibition.

Issuance of Bulletins; Rules.

Actions Under Former Law.

Emergency Manager Serving Prior to Effective Date of Act.

Liability or Cause of Action.

Severability.

Appropriation.

Appropriation.