Michigan Laws 141.1557 – Report
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 141.1557
- Contract: A legal written agreement that becomes binding when signed.
- Emergency manager: means an emergency manager appointed under section 9. See Michigan Laws 141.1542
- Financial and operating plan: means a written financial and operating plan for a local government under section 11, including an educational plan for a school district. See Michigan Laws 141.1542
- Local government: means a municipal government or a school district. See Michigan Laws 141.1542
- Majority leader: see Floor Leaders
- Receivership: means the process under this act by which a financial emergency is addressed through the appointment of an emergency manager. See Michigan Laws 141.1542
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
Beginning 6 months after an emergency manager‘s appointment, and every 3 months thereafter, an emergency manager shall submit to the governor, the state treasurer, the senate majority leader, the speaker of the house of representatives, each state senator and state representative who represents the local government that is in receivership, and the clerk of the local government that is in receivership, and shall post on the internet on the website of the local 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 $5,000.00 or more and the source of the funds.
(b) A list of each contract that the emergency manager awarded or approved with a cumulative value of $5,000.00 or more, including 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 $5,000.00 or more and the proposed use of the funds.
(d) A description of any new position created or any vacancy in a 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.
(f) A copy of the contract with the emergency manager as provided in section 9(3)(e).
(g) The salary and benefits of the emergency manager.
(h) The financial and operating plan.