May 21, 2014, Introduced by Senator WALKER and referred to the Committee on Appropriations.
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 does not take effect
unless all of the following bills of the 97th Legislature are
enacted into law:
(a) Senate Bill No.955
.
(b) Senate Bill No.956
.
(c) Senate Bill No.952
.