Bill Text: MI HB4017 | 2017-2018 | 99th Legislature | Introduced
Bill Title: State financing and management; budget; disclosure of payments to local units of government; require. Amends sec. 492 of 1984 PA 431 (MCL 18.1492).
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-01-18 - Bill Electronically Reproduced 01/12/2017 [HB4017 Detail]
Download: Michigan-2017-HB4017-Introduced.html
HOUSE BILL No. 4017
January 12, 2017, Introduced by Rep. Faris and referred to the Committee on Appropriations.
A bill to amend 1984 PA 431, entitled
"The management and budget act,"
by amending section 492 (MCL 18.1492), as amended by 1999 PA 8.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 492. (1) The financial statements of all state agencies,
as defined by generally accepted accounting principles as falling
within
the reporting responsibility of the this state, shall be
included
in the comprehensive annual financial report of the this
state. The director shall designate and notify each state agency of
this responsibility as well as describe the statement format that
shall be followed by each agency so notified. The statements
provided shall be followed by each state agency so notified. The
statements provided shall be audited as provided by law or by the
auditor general or independent auditors selected by the auditor
general before submission to the department of technology,
management, and budget and shall be submitted not later than 90
days following the close of the state's fiscal year.
(2) The comprehensive annual financial report for the 2016-
2017 fiscal year and each fiscal year thereafter must contain an
itemization of all payments to each local unit of government during
that fiscal year.