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66 chapters · 621 sections in this title.
Mich. Comp. Laws § 141.1631 Short title.
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Sec. 1. This act shall be known and may be cited as the "Michigan financial review commission act".
Mich. Comp. Laws § 141.1632 Legislative findings and declarations.
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Sec. 2. The legislature finds and declares the following: (a) It is the public policy of this state to exercise its sovereign powers with regard to debt issuance and matters of statewide concern in a manner calculated to foster the fiscal integrity of all municipal governments an…
Mich. Comp. Laws § 141.1633 Definitions.
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Sec. 3. As used in this act: (a) "Applicable contract" means a contract for goods or services proposed or entered into by a qualified city or school district that either exceeds $750,000.00, or a higher amount as determined by the commission, or is for a term exceeding 2 years. A…
Mich. Comp. Laws § 141.1634 Financial review commission; creation; powers, duties, functions, and responsibilities; budgeting, procurement, personnel, and related management functions; qualified school district.
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Sec. 4. (1) Except as provided in subsection (2), a financial review commission is created within the department of treasury for each qualified city and each qualified school district. Except as otherwise provided in this act, a commission shall exercise its powers, duties, funct…