Act 436 of 2012 Local Financial Stability and Choice Act (141.1541 - 141.1575)

Act 436 of 2012 Local Financial Stability and Choice Act (141.1541 - 141.1575)

Section 141.1541 Short Title.
Section 141.1542 Definitions.
Section 141.1543 Findings; Declarations.
Section 141.1544 Determination of Probable Financial Stress; Preliminary Review; Conditions; School District; Notification to Local Government; Interim Report of Findings; Final Report; Finding of Probable Financial Stress; Appointment of Review Team for Municipal Government; Appointment of Review Team for Local School District; Staff Support; Duration of Appointment.
Section 141.1545 Review Team; Powers; Meeting With Local Government; Report; Posting on Department of Treasury's Website; Contents; Appointment of Individual or Firm to Carry Out Review and Submit Report.
Section 141.1546 Determination by Governor; Opportunity for Local Government to Submit Statement; Determination of Financial Emergency; Notification; Hearing; Findings of Fact by Governor; Report; Resolution by Local Government to Appeal Determination.
Section 141.1547 Local Government Options; Approval of Resolution by Mayor or School Board; Failure of Local Governing Body to Pass Resolution; Limitation.
Section 141.1547a School District Subject to Enhanced Deficit Elimination Plan; Determination by State Treasurer; Declaration of Financial Emergency; Appointment of Emergency Manager; Recommendation.
Section 141.1548 Consent Agreement; Negotiation and Signature; Provisions; Continuing Operations Plan; Form; Amendment of Budget Adopted by Municipal Government or School District; Recovery Plan; Terms and Provisions; Powers Granted to Chief Administrative Officer, Chief Financial Officer, Governing Body, or Other Local Officers; Consultant; Release From Requirements.
Section 141.1549 Emergency Manager; Appointment by Governor; Powers; Qualifications; Compensation; Private Funds; Additional Staff and Assistance; Quarterly Reports; Service; Removal of Local Government From Receivership; Delegation of Duties From Governor to State Treasurer; Applicable State Laws; Appointment Under Former Act; Removal.
Section 141.1550 Orders.
Section 141.1551 Financial and Operating Plan for Local Government; Development and Amendment by Emergency Manager; Objectives; Submission; Modification; Form; Conduct of Public Informational Meeting; Effect of Plan Adopted Under Former Law.
Section 141.1552 Additional Actions by Emergency Manager; Suspension of Power of Administrative Officer and Governing Body; Contracts Subject to Competitive Bidding; Sale or Transfer of Public Utility; Limitation.
Section 141.1553 Pendency of Receivership; Compensation of Chief Administrative Officer and Members of Local Governing Body.
Section 141.1554 School District in Receivership; Additional Actions.
Section 141.1555 Sale of Asset Worth More Than $50,000.00; Payment of Benefit Upon Death of Police Officer or Firefighter.
Section 141.1556 Criminal Conduct Contributing to Receivership Status.
Section 141.1557 Report.
Section 141.1558 Recommendation to Proceed Under Chapter 9.
Section 141.1559 Proposed Action; Submission to Local Governing Body; Approval or Disapproval; Alternative Proposal.
Section 141.1560 Emergency Manager; Immunity From Liability; Responsibilities of Attorney General; Costs; Insurance; Litigation Expenses After Conclusion of Date of Service; Failure of Municipal Government or School District to Honor and Remit Legal Expenses.
Section 141.1561 Adoption and Implementation of 2-Year Budget.
Section 141.1562 Determination That Financial Emergency Rectified; Actions by Governor.
Section 141.1563 Receivership Transition Advisory Board.
Section 141.1564 Determination That Financial Conditions Not Corrected; Appointment of New Emergency Manager.
Section 141.1565 Neutral Evaluation Process.
Section 141.1566 Chapter 9 Proceeding.
Section 141.1567 Duty of Local Officials and Employees to Provide Assistance and Information; Failure to Abide by Act.
Section 141.1568 Imposition of Taxes; Prohibition.
Section 141.1569 Issuance of Bulletins; Rules.
Section 141.1570 Actions Under Former Law.
Section 141.1571 Emergency Manager Serving Prior to Effective Date of Act.
Section 141.1572 Liability or Cause of Action.
Section 141.1573 Severability.
Section 141.1574 Appropriation.
Section 141.1575 Appropriation.

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