MCL - Index of Act 436 of 2012
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Act 436 of 2012 | LOCAL FINANCIAL STABILITY AND CHOICE ACT (141.1541 - 141.1575) |
| Section 141.1541 | Short title. |
| Section 141.1542 | Definitions. |
| Section 141.1543 | Findings; declarations. |
| Section 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. |
| 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 | Criminal conduct contributing to receivership status. |
| Section 141.1557 | Report. |
| Section 141.1558 | Recommendation to proceed under chapter 9. |
| Section 141.1559 | 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 | Appropriation. |