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2006 House Bill 5975: Require financial disclosure for government commercial activity
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- Introduced by Rep. Rick Jones (R) on April 25, 2006, to require audited financial disclosure reports from government entities engaged in commercial activity, which means providing goods or services that can normally be obtained from private enterprises. The disclosure would have to show all income and expenditures. Grants (subsidies) from the public entity could not be counted as income, and expenses would have to show a proportionate share of common expenses shared with other government agencies, such as utility costs, supplies, repair and replacement costs, insurance of all types, employee compensation, employee benefits, payroll taxes, debt service, and depreciation of all types.
- Referred to the House Government Operations Committee on April 25, 2006.
Comments
1) part of the problem with term limits by Anonymous Citizen on June 1, 2006This bill is completely unnecessary. All municipalities are required to have audits. All enterprise activities are required to be listed separately. This bill duplicates existing procedures. If the legislators had any knowledge of the way local governments worked, they would know that! But no, they're too busy solving problems that don't exist in order to make themselves look productive!
this must be part of the problem with the state of michigan...
it's too busy providing 'commercial services' to effectively run the state.
the state should do what the state is SUPPOSED to do, and leave the commerce to the people.
Introduced in the House on April 25, 2006
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