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 Senate Bill 686 would prescribe, and potentially place the local government in a form of limited receivership under a financial manager appointed by the state.
Referred to the Committee on Michigan Competitiveness
Reported without amendment
With the recommendation that the bill pass.
Referred to the Committee on Appropriations
