Michigan Compiled Laws Act 181 Of 2014 Michigan Financial Review Commission Act (141.1631 - 141.1643)

AN ACT to create the Michigan financial review commission act; to provide for the operation of certain commissions; to create funds and accounts; to prescribe the powers and duties of certain commissions, the state treasurer, certain other state officials and state employees, and certain local officials; to provide for the dissolution of certain commissions; and to make certain appropriations.

History: 2014, Act 181, Imd. Eff. June 20, 2014.

Section 141.1631 Short Title.
This act shall be known and may be cited as the "Michigan financial review commission act". History: 2014, Act 181, Imd. Eff. June 20,
Section 141.1632 Legislative Findings And Declarations.
The legislature finds and declares the following: (a) It is the public policy of this state to exercise its sovereign powers with regard to...
Section 141.1633 Definitions.
As used in this act: (a) "Applicable contract" means a contract for goods or services proposed or entered into by a qualified city that...
Section 141.1634 Financial Review Commission; Creation; Powers, Duties, Functions, And Responsibilities; Budgeting, Procurement, Personnel, And Related Management Functions.
A financial review commission is created within the department of treasury for each qualified city. Except as otherwise provided in this act, a commission...
Section 141.1635 Financial Review Commission; Membership; Terms; Compensation; Travel And Expenses; Chairperson; Conducting Business At Public Meetings; Writings Subject To Freedom Of Information Act; Bylaws; Professional Services; Members And Contractors Or Agents Subject To Mcl 15.321 To 15.330 And Mcl 15.301 To 15.310; Adoption Of Ethics Policy; Oath Of Office.
(1) Each commission shall consist of the following 9 members: (a) The state treasurer, who shall serve for the duration of his or her...
Section 141.1636 Duties Of Commission; Review And Approval Of Applicable Contracts; Reports; Approval Of Collective Bargaining Agreements; Supplementary Information; Certification And Report Of Debt Service.
(1) The commission shall provide oversight for a qualified city beginning on the effective date of the plan for adjustment or of this act,...
Section 141.1637 Commission; Powers.
A commission may do 1 or more of the following for its qualified city: (a) Review and approve that qualified city's consensus revenue estimate...
Section 141.1638 Waiver; Resolution; Conditions; Rescission; Reversal.
(1) Notwithstanding section 6, for its qualified city, a commission shall, by resolution, waive the requirements designated in sections 6 and 7 as provided...
Section 141.1640 Commission As Public And Governmental Purpose.
Each commission, and the carrying out of its authorized purposes under this act, is in all respects a public and governmental purpose for the...
Section 141.1641 Appropriation.
For the fiscal year ending September 30, 2014, $900,000.00 is appropriated from the general fund/general purpose to the department of treasury to be expended...
Section 141.1642 Dissolution.
If a commission has waived the requirements of sections 6 and 7 under section 8 each year for the immediately preceding 10 consecutive fiscal...
Section 141.1643 Court Of Claims; Jurisdiction.
Each commission is a state commission, and the members are state officers for the purposes of section 6419 of the revised judicature act of...

Last modified: October 10, 2016