Act

Local financial stability and choice act

Mich. Comp. Laws § 141.1541— Short title
Mich. Comp. Laws § 141.1542— Definitions
Mich. Comp. Laws § 141.1543— Findings; declarations
Mich. Comp. Laws § 141.1544— 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
Mich. Comp. Laws § 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
Mich. Comp. Laws § 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
Mich. Comp. Laws § 141.1547— Local government options; approval of resolution by mayor or school board; failure of local governing body to pass resolution; limitation
Mich. Comp. Laws § 141.1547a— School district subject to enhanced deficit elimination plan; determination by state treasurer; declaration of financial emergency; appointment of emergency manager; recommendation
Mich. Comp. Laws § 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
Mich. Comp. Laws § 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
Mich. Comp. Laws § 141.1550— Orders
Mich. Comp. Laws § 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
Mich. Comp. Laws § 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
Mich. Comp. Laws § 141.1553— Pendency of receivership; compensation of chief administrative officer and members of local governing body
Mich. Comp. Laws § 141.1554— School district in receivership; additional actions
Mich. Comp. Laws § 141.1555— Sale of asset worth more than $50,000.00; payment of benefit upon death of police officer or firefighter
Mich. Comp. Laws § 141.1556— Criminal conduct contributing to receivership status
Mich. Comp. Laws § 141.1557— Report
Mich. Comp. Laws § 141.1558— Recommendation to proceed under chapter 9
Mich. Comp. Laws § 141.1559— Proposed action; submission to local governing body; approval or disapproval; alternative proposal
Mich. Comp. Laws § 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
Mich. Comp. Laws § 141.1561— Adoption and implementation of 2-year budget
Mich. Comp. Laws § 141.1562— Determination that financial emergency rectified; actions by governor
Mich. Comp. Laws § 141.1563— Receivership transition advisory board
Mich. Comp. Laws § 141.1564— Determination that financial conditions not corrected; appointment of new emergency manager
Mich. Comp. Laws § 141.1565— Neutral evaluation process
Mich. Comp. Laws § 141.1566— Chapter 9 proceeding
Mich. Comp. Laws § 141.1567— Duty of local officials and employees to provide assistance and information; failure to abide by act
Mich. Comp. Laws § 141.1568— Imposition of taxes; prohibition
Mich. Comp. Laws § 141.1569— Issuance of bulletins; rules
Mich. Comp. Laws § 141.1570— Actions under former law
Mich. Comp. Laws § 141.1571— Emergency manager serving prior to effective date of act
Mich. Comp. Laws § 141.1572— Liability or cause of action
Mich. Comp. Laws § 141.1573— Severability
Mich. Comp. Laws § 141.1574— Appropriation
Mich. Comp. Laws § 141.1575— Appropriation