HB-4329, As Passed Senate, June 18, 2015

SENATE SUBSTITUTE FOR

HOUSE BILL NO. 4329

A bill to amend 2012 PA 436, entitled

"Local financial stability and choice act,"

(MCL 141.1541 to 141.1575) by adding section 7a.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

Sec. 7a. Notwithstanding section 7, if a school district is

subject to an enhanced deficit elimination plan under section 1220

of the revised school code, 1976 PA 451, MCL 380.1220, and the

state treasurer determines that the school district has failed to

submit or comply with the requirements of the enhanced deficit

elimination plan, the state treasurer may declare that a financial

emergency exists within the school district and recommend that the

governor appoint an emergency manager to address the financial

emergency within the school district under section 9.

Enacting section 1. This amendatory act does not take effect

unless all of the following bills of the 98th Legislature are