Introduced
by
To establish a process for declaring that a financial emergency exists in a local government that fails to meet the employee retirement system funding requirements that House Bill 5298 would prescribe, and potentially placing the local government in a form of receivership under an a financial manager appointed by the state.
Referred to the Committee on Michigan Competitiveness
Reported without amendment
With the recommendation that the amendments be adopted and that the bill then pass.
Referred to the Committee on Michigan Competitiveness
