2007 Senate Bill 678 / Public Act 213

Revise local government financial reporting frequency

Introduced in the Senate

Aug. 22, 2007

Introduced by Sen. Tony Stamas (R-36)

To require the investment officer of a local government to provide quarterly reports on its “surplus funds” investments, rather than annual reports.

Referred to the Committee on Local, Urban, and State Affairs

Oct. 18, 2007

Reported without amendment

With the recommendation that the bill pass.

Oct. 30, 2007

Passed in the Senate 37 to 0 (details)

Received in the House

Oct. 30, 2007

Referred to the Committee on Intergovernmental, Urban, and Regional Affairs

Dec. 13, 2007

Passed in the House 95 to 13 (details)

To require the investment officer of a local government to provide quarterly reports on its “surplus funds” investments, rather than annual reports.

Signed by Gov. Jennifer Granholm

Dec. 27, 2007