Section 141.1631 – Short Title.

141.1631 Short title. Sec. 1. This act shall be known and may be cited as the “Michigan financial review commission act”. History: 2014, Act 181, Imd. Eff. June 20, 2014

Section 141.1632 – Legislative Findings and Declarations.

141.1632 Legislative findings and declarations. Sec. 2. The legislature finds and declares the following: (a) It is the public policy of this state to exercise its sovereign powers with regard to debt issuance and matters of statewide concern in a manner calculated to foster the fiscal integrity of all municipal governments and school districts to […]

Section 141.1633 – Definitions.

141.1633 Definitions. Sec. 3. As used in this act: (a) “Applicable contract” means a contract for goods or services proposed or entered into by a qualified city or school district that either exceeds $750,000.00, or a higher amount as determined by the commission, or is for a term exceeding 2 years. Applicable contract also includes […]

Section 141.1634 – Financial Review Commission; Creation; Powers, Duties, Functions, and Responsibilities; Budgeting, Procurement, Personnel, and Related Management Functions; Qualified School District.

141.1634 Financial review commission; creation; powers, duties, functions, and responsibilities; budgeting, procurement, personnel, and related management functions; qualified school district. Sec. 4. (1) Except as provided in subsection (2), a financial review commission is created within the department of treasury for each qualified city and each qualified school district. Except as otherwise provided in this […]

Section 141.1635 – Financial Review Commission; Membership; Financial Review Commission for Both Qualified City and Qualified School District; Exception; Terms; Compensation; Travel and Expenses; Chairperson; Quorum; Conducting Business at Public Meetings; Writings Subject to Freedom of Information Act; Bylaws; Professional Services; Members and Contractors or Agents Subject to MCL 15.321 to 15.330 and MCL 15.301 to 15.310; Adoption of Ethics Policy; Oath of Office.

141.1635 Financial review commission; membership; financial review commission for both qualified city and qualified school district; exception; terms; compensation; travel and expenses; chairperson; quorum; conducting business at public meetings; writings subject to freedom of information act; bylaws; professional services; members and contractors or agents subject to MCL 15.321 to 15.330 and MCL 15.301 to 15.310; […]

Section 141.1636 – Duties of Commission; Review and Approval of Applicable Contracts; Reports; Approval of Collective Bargaining Agreements; Supplementary Information; Certification and Report of Debt Service.

141.1636 Duties of commission; review and approval of applicable contracts; reports; approval of collective bargaining agreements; supplementary information; certification and report of debt service. Sec. 6. (1) The commission shall provide oversight for a qualified city beginning on the effective date of the plan for adjustment or of this act, whichever is later. The commission […]

Section 141.1637 – Commission; Powers.

141.1637 Commission; powers. Sec. 7. A commission may do 1 or more of the following for its qualified city or qualified school district: (a) For a qualified city, review and approve that qualified city’s consensus revenue estimate under section 4t of the home rule city act, 1909 PA 279, MCL 117.4t. The commission may also, […]

Section 141.1638 – Waiver; Resolution; Conditions; Rescission; Reversal.

141.1638 Waiver; resolution; conditions; rescission; reversal. Sec. 8. (1) Notwithstanding section 6, for its qualified city or qualified school district, a commission shall, by resolution, waive the requirements designated in sections 6 and 7 as provided in subsection (2). (2) The commission shall grant a waiver under this section for its qualified city or qualified […]

Section 141.1640 – Commission as Public and Governmental Purpose.

141.1640 Commission as public and governmental purpose. Sec. 10. Each commission, and the carrying out of its authorized purposes under this act, is in all respects a public and governmental purpose for the benefit of the people of this state and for the improvement of their health, safety, welfare, comfort, and security. These purposes are […]

Section 141.1641 – Appropriation.

141.1641 Appropriation. Sec. 11. For the fiscal year ending September 30, 2014, $900,000.00 is appropriated from the general fund/general purpose to the department of treasury to be expended to provide commissions with the resources to exercise its powers, duties, and responsibilities under this act and as required by this state to enforce this act and […]

Section 141.1642 – Dissolution; Release of Qualified City or Qualified School District From Oversight; Qualified School District Subject to Emergency Manager.

141.1642 Dissolution; release of qualified city or qualified school district from oversight; qualified school district subject to emergency manager. Sec. 12. (1) Subject to subsections (2) and (3), if a commission has waived the requirements of sections 6 and 7 under section 8 each year for the immediately preceding 10 consecutive fiscal years, and the […]

Section 141.1643 – Court of Claims; Jurisdiction.

141.1643 Court of claims; jurisdiction. Sec. 13. Each commission is a state commission, and the members are state officers for the purposes of section 6419 of the revised judicature act of 1961, 1961 PA 236, MCL 600.6419. The court of claims shall have exclusive jurisdiction over any and all actions challenging the validity of this […]