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2019 Michigan Compiled Laws
Chapter 141 - Municipal Financing
Act 436 of 2012 Local Financial Stability and Choice Act (141.1541 - 141.1575)
Section 141.1547a School District Subject to Enhanced Deficit Elimination Plan; Determination by State Treasurer; Declaration of Financial Emergency; Appointment of Emergency Manager; Recommendation.
Universal Citation: MI Comp L § 141.1547a (2019)
141.1547a School district subject to enhanced deficit elimination plan; determination by state treasurer; declaration of financial emergency; appointment of emergency manager; recommendation.
Sec. 7a.
Notwithstanding section 7, if a school district is subject to an enhanced deficit elimination plan under section 1220 of the revised school code, 1976 PA 451, MCL 380.1220, and the state treasurer determines that the school district has failed to submit or comply with the requirements of the enhanced deficit elimination plan, the state treasurer may declare that a financial emergency exists within the school district and recommend that the governor appoint an emergency manager to address the financial emergency within the school district under section 9.
History: Add. 2015, Act 113, Imd. Eff. July 7, 2015
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