2017 House Bill 5299

Introduced in the House

Nov. 30, 2017

Introduced by Rep. James Lower (R-70)

To establish a process for declaring that a financial emergency exists in a local government that fails to meet the employee retirement system funding requirements that House Bill 5298 would prescribe, and potentially placing the local government in a form of receivership under an a financial manager appointed by the state.

Referred to the Committee on Michigan Competitiveness

Dec. 5, 2017

Reported without amendment

With the recommendation that the amendments be adopted and that the bill then pass.

Dec. 13, 2017

Referred to the Committee on Michigan Competitiveness