March 11, 2015, Introduced by Rep. Somerville and referred to the Committee on Financial Liability Reform.
A bill to amend 2012 PA 436, entitled
"Local financial stability and choice act,"
(MCL 141.1541 to 141.1575) by adding section 7a.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 7a. Notwithstanding section 7, if a school district is
subject to an enhanced deficit elimination plan under section 1220
of the revised school code, 1976 PA 451, MCL 380.1220, and the
state treasurer determines that the school district has failed to
submit or comply with the requirements of the enhanced deficit
elimination plan, the state treasurer may declare that a financial
emergency exists within the school district and recommend that the
governor appoint an emergency manager to address the financial
emergency within the school district under section 9.
Enacting section 1. This amendatory act takes effect 90 days
after the date it is enacted into law.
Enacting section 2. This amendatory act does not take effect
unless all of the following bills of the 98th Legislature are
enacted into law:
(a) Senate Bill No.____ or House Bill No. 4327 (request no.
00280'15).
(b) Senate Bill No.____ or House Bill No. 4331 (request no.
00283'15).