HB-5052, As Passed House, August 26, 2009

SUBSTITUTE FOR

HOUSE BILL NO. 5052

     A bill to amend 1990 PA 72, entitled

"Local government fiscal responsibility act,"

(MCL 141.1201 to 141.1291) by adding sections 21a and 41a.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

     Sec. 21a. (1) An emergency financial manager appointed under

this article shall file with the governor, the senate majority

leader, and the speaker of the house of representatives and post on

the internet on the website of the local unit of government a

report that contains all of the following:

     (a) A description of each expenditure made, approved, or

disapproved during the reporting period that has a cumulative value

of $10,000.00 or more and the source of the funds.

     (b) A list of each contract that the emergency financial

manager awarded or approved with a cumulative value of $10,000.00

or more, the purpose of the contract, and the identity of the

contractor.

     (c) A description of each loan sought, approved, or

disapproved during the reporting period that has a cumulative value

of $10,000.00 or more and the proposed use of the funds.

     (d) A description of any new position created or any vacancy

in a permanent position filled by the appointing authority.

     (e) A description of any position that has been eliminated or

from which an employee has been laid off.

     (2) The report required under this section shall be submitted

every 6 months, beginning 6 months after the starting date of the

emergency financial manager.

     Sec. 41a. (1) An emergency financial manager appointed under

this article shall file with the governor, the senate majority

leader, and the speaker of the house of representatives and post on

the internet on the website of the school district a report that

contains all of the following:

     (a) A description of each expenditure made, approved, or

disapproved during the reporting period that has a cumulative value

of $10,000.00 or more and the source of the funds.

     (b) A list of each contract that the emergency financial

manager awarded or approved with a cumulative value of $10,000.00

or more, the purpose of the contract, and the identity of the

contractor.

     (c) A description of each loan sought, approved, or

disapproved during the reporting period that has a cumulative value

of $10,000.00 or more and the proposed use of the funds.

     (d) A description of any new position created or any vacancy

in a permanent position filled by the appointing authority.

     (e) A description of any position that has been eliminated or

from which an employee has been laid off.

     (2) The report required under this section shall be submitted

every 6 months, beginning 6 months after the starting date of the

emergency financial manager.