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Michigan Legislature
Michigan Compiled Laws Complete Through PA 204 of 2018
House: Adjourned until Wednesday, July 25, 2018 10:00:00 AM
Senate: Adjourned until Wednesday, July 25, 2018 10:00:00 AM

Michigan Legislature

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MCL Index

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NOTE: Dates reflect any modification to item, not necessarily a change in law.

Section 38.2801 ‑ Short title.
Section 38.2802 ‑ Legislature findings and declarations.
Section 38.2803 ‑ Definitions.
Section 38.2804 ‑ Retirement health benefit offered by local unit of government; requirements; "summary retiree health care report" defined.
Section 38.2805 ‑ State treasurer; establishment of uniform actuarial assumptions of retirement systems; evaluation system; review and oversight of underfunded local unit of government; determination; calculation of funded ratios by local governmental unit; report; posting on website.
Section 38.2806 ‑ Underfunded status; waiver; duties of state treasurer if local unit of government not granted waiver.
Section 38.2807 ‑ Municipal stability board; creation; powers, duties, and functions; membership; appointment by governor; qualifications; terms; vacancy; chairperson; quorum; meetings; bylaws; contract for professional services; travel and expenses; ethics policy; oath of office; "professional services" defined.
Section 38.2808 ‑ Development of corrective action plan; list of best practices and strategies.
Section 38.2809 ‑ Corrective action plan; development and submission for approval.
Section 38.2810 ‑ Corrective action plan; review and approval by board; inclusion of corrective options and additional solutions; disapproval; notification and report; implementation of plan; monitor and certification of compliance; contents of plan.
Section 38.2812 ‑ Board as state board; members as state officers; presumption of validity; court jurisdiction; department of treasury as party.

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