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2015 House Bill 4328: Establish overspending public school “early warning system”

Public Act 112 of 2015

Introduced by Rep. Lisa Lyons R-Alto on March 10, 2015
To give the Department Treasury the authority to withhold state school aid payments from an overspending school district that fails to submit an acceptable “deficit elimination plan” as required by law, or which falls more deeply into financial trouble and must operate under an “enhanced” deficit plan. This is part of a package comprised of House Bills 4325 to 4330 intended to create an “early warning system” for school district with financial problems.   Official Text and Analysis.
Referred to the House Financial Liability Reform Committee on March 10, 2015
Reported in the House on April 15, 2015
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Received in the Senate on April 28, 2015
Referred to the Senate Education Committee on April 28, 2015
Reported in the Senate on June 18, 2015
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Received in the House on June 18, 2015
Signed by Gov. Rick Snyder on July 7, 2015