LOCAL GOVERNMENT FISCAL RESPONSIBILITY ACT
Act 72 of 1990
AN ACT to provide for review, management, planning, and control of the financial operation of units of local government, including school districts; to provide criteria to be used in determining the financial condition of a local government; to permit a declaration of the existence of a local government financial emergency and to prescribe the powers and duties of the governor, other state boards, agencies, and officials, and officials and employees of units of local government; to provide for a review and appeal process; to provide for the appointment and to prescribe the powers and duties of an emergency financial manager; to require the development of financial plans to regulate expenditures and investments by a local government in a state of financial emergency; to set forth the conditions for termination of a local government financial emergency; and to repeal certain acts and parts of acts.
History: 1990, Act 72, Imd. Eff. May 15, 1990
© 2009 Legislative Council, State of Michigan
The People of the State of Michigan enact: