INCREASE LEGAL NOTICE FEES                                      H.B. 5036 (S-1): FLOOR ANALYSIS

 

 

 

 

 

 

 

 

 

 

 

House Bill 5036 (Substitute S-1 as reported by the Committee of the Whole) Sponsor: Representative Michael Nye

House Committee: Judiciary and Civil Rights

Senate Committee: Economic Development, International Trade and Regulatory Affairs

 

CONTENT

 

The bill would amend the Revised Judicature Act to increase the maximum rate a publication may charge for publishing a legal notice, order, citation, summons, or other matter required by law to be published in a newspaper. The maximum rates would be increased from $13.75 to $15 per folio for the first insertion, and from $5.35 to $5.85 per folio for subsequent insertions. The minimum rate for notices that must appear two or more times would increase from $39 to $42.50, and the minimum rate for notices that appear once would increase from $29 to $31.60.

 

In addition, the bill specifies that each year for three years beginning June 1, 1996, the rates would have to be adjusted by the same percentage as the percentage increase in the rate of inflation for the same period as measured by the Detroit consumer price index.

 

The bill would take effect October 1, 1996.

 

(According to the Black’s Law Dictionary definition of “folio”, “When used in connection with legal documents, it means a certain number of words varying from 72 to 100, but generally in the United States consisting of 100.”)

 

MCL 600.2534                                                                               Legislative Analyst: L. Burghardt

 

FISCAL IMPACT

 

The bill would result in an indeterminate increase in publishing costs for the State and local units of government.

 

Date Completed: 5-29-96                                                                   Fiscal Analyst: B. Bowerman

 

 

 

 

 

 

 

 

 

 

 

floor\hb5036

 

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.