October 18, 2016, Introduced by Senator HUNE and referred to the Committee on Insurance.
A bill to amend 1980 PA 350, entitled
"The nonprofit health care corporation reform act,"
by amending section 654 (MCL 550.1654), as added by 2013 PA 4.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 654. (1) A board shall appoint an executive director to
serve as the chief executive officer of the fund. The executive
director shall serve at the pleasure of the board. The executive
director may employ staff and hire consultants as necessary with
the approval of the board. The board shall determine compensation
for the executive director and staff employed under this subsection
and shall approve contracts under this subsection. The compensation
for the executive director shall not exceed the compensation set
for the senate majority leader or the speaker of the house of
representatives, whichever is less, as determined by the state
officers compensation commission.
(2) The executive director shall display on the fund internet
website information relevant to the public, as defined by the
board, concerning the fund's operations and efficiencies, as well
as the board's assessments of those activities.
Enacting section 1. This amendatory act takes effect 90 days
after the date it is enacted into law.