Introduced
by
To revise the law that authorizes the governor to (indirectly) appoint an emergency financial manager for a local government experiencing a “serious financial problem” (insolvency). Under current law, the actual emergency financial manager is appointed by a board of three cabinet members (who serve at the pleasure of the governor). The bill would require this board to submit three nominees, one of whom would be chosen by the governor with the advice and consent of the Senate. The manager would be given a maximum one-year contract that could be renewed each year. Note: Shortly before this bill was introduced, Gov. Jennifer Granholm replaced an accountant with a politician as the emergency manager for bankrupt Highland Park.
Referred to the Committee on Local, Urban, and State Affairs
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that also requires an emergency financial manager to submit a quarterly report detailing his or her activities to local officials and to the legislature.
The substitute passed by voice vote
Passed in the Senate 22 to 16 (details)
To revise the law that authorizes the governor to (indirectly) appoint an emergency financial manager for a local government experiencing a “serious financial problem” (insolvency). Under current law, the actual emergency financial manager is appointed by a board of three cabinet members (who serve at the pleasure of the governor). The bill would require this board to submit three nominees, one of whom would be chosen by the governor with the advice and consent of the Senate. It would also require an emergency financial manager to submit quarterly reports to local officials and to the legislature.
Referred to the Committee on Local Government and Urban Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
