2006 Michigan Compiled Laws - 72-1990-2

LOCAL GOVERNMENT FISCAL RESPONSIBILITY ACT (EXCERPT)
Act 72 of 1990
Article 2
GOVERNMENTAL PROVISIONS

DocumentDescription
Section 141.1211Definitions.
Section 141.1212Preliminary review by state treasurer; conditions; notice; meeting with local government; informing governor of serious financial problem.
Section 141.1213Review team; appointment; conditions to undertaking local financial management review; effect of former law.
Section 141.1214Review team; functions; report to governor; contents; time; copies of report; conclusion.
Section 141.1215Determination by governor; notice; findings of fact; statement; hearing; confirmation or revocation of determination; report.
Section 141.1216Failure to abide by provisions of consent agreement.
Section 141.1217Appeal; setting aside determination.
Section 141.1218Assigning responsibility for managing local government financial emergency; appointment, qualifications, and term of emergency financial manager; compensation and expenses; staff and professional assistance.
Section 141.1219Orders.
Section 141.1220Written financial plan.
Section 141.1221Additional actions by emergency financial manager.
Section 141.1222Authorization to proceed under federal law; local government as debtor; notice.
Section 141.1223Liability.
Section 141.1224Failure of elected officials to provide assistance and information as gross neglect of duty; report; review and hearing; removal from office; filling vacancy.
Section 141.1225Revoking declaration of financial emergency; recommendation.
Section 141.1226Power to impose taxes.

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