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2014 House Bill 5567: Detroit bankruptcy settlement and grant package - budget process requirements

Public Act 182 of 2014

Introduced by Rep. John Kivela (D) on May 8, 2014 To require a Detroit chief financial officer to be appointed by the mayor, subject to the approval of the state oversight commission proposed by House Bill 5566, who would supervise the city’s financial and budget activities. Also, to require Detroit to use generally accepted accounting practices, and adopt budget processes similar to the state's, which are intended to avoid overspending. Among these are twice yearly revenue estimating conferences involving state officials and university economists. This is part of a legislative package consisting of House Bills 5566 to 5575 that are related to the Detroit bankruptcy and a proposed state grant to the city of $195 million.   Official Text and Analysis.
Referred to the House Detroit's Recovery and Michigan's Future Committee on May 8, 2014
Reported in the House on May 21, 2014 With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered in the House on May 22, 2014
The substitute passed by voice vote in the House on May 22, 2014
Amendment offered in the House on May 22, 2014 To specify that city contracts must be posted online within 30 days.
The amendment passed by voice vote in the House on May 22, 2014
Passed 105 to 5 in the House on May 22, 2014 (same description)
To require a Detroit chief financial officer to be appointed by the mayor, subject to the approval of the state oversight commission proposed by House Bill 5566, who would supervise the city’s financial and budget activities. Also, to require Detroit to use generally accepted accounting practices, and adopt budget processes similar to the state's, which are intended to avoid overspending. Among these are twice yearly revenue estimating conferences involving state officials and university economists. This is part of a legislative package consisting of House Bills 5566 to 5575 that are related to the Detroit bankruptcy and a proposed state grant to the city of $195 million.
Received in the Senate on May 27, 2014
Referred to the Senate Government Operations Committee on May 27, 2014
Reported in the Senate on June 3, 2014 With the recommendation that the bill pass.
Passed 37 to 1 in the Senate on June 3, 2014 (same description)
To require a Detroit chief financial officer to be appointed by the mayor, subject to the approval of the state oversight commission proposed by House Bill 5566, who would supervise the city’s financial and budget activities. Also, to require Detroit to use generally accepted accounting practices, and adopt budget processes similar to the state's, which are intended to avoid overspending. Among these are twice yearly revenue estimating conferences involving state officials and university economists. This is part of a legislative package consisting of House Bills 5566 to 5575 that are related to the Detroit bankruptcy and a proposed state grant to the city of $195 million.
Signed by Gov. Rick Snyder on June 19, 2014

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