ELECTRONIC RECORDING COMM. MEETINGS                                                    H.B. 5812:

                                                                                                    SUMMARY OF BILL

                                                                                      REPORTED FROM COMMITTEE

House Bill 5812 (as reported without amendment)

Sponsor:  Representative Ken Yonker

House Committee:  Local Government

Senate Committee:  Local Government and Elections

CONTENT

The bill would amend the Uniform Real Property Electronic Recording Act to require the Electronic Recording Commission to meet at least annually, rather than at least quarterly. The Act provides for the recording of electronic documents by a county register of deeds. It requires the Commission to adopt standards to implement the Act, keeping the standards in harmony with those of other jurisdictions that enact the uniform act.

MCL 565.845                                                           Legislative Analyst:  Patrick Affholter

FISCAL IMPACT

The bill could result in a minimal saving to the Department of Technology, Management, and Budget (DTMB) by reducing the number of Commission meetings in a year from four to one. The statute allows Commission members to be reimbursed for actual and necessary expenses incurred in the performance of their official duties as commissioners. The potential reduction in costs for these reimbursements is indeterminate and dependent on the actual amount of reimbursement commissioners request from the DTMB; however, these reimbursements should be minimal. According to the DTMB, no Commission members requested reimbursement for meetings held in 2013.

Date Completed:  12-12-14                                                  Fiscal Analyst:  Joe Carrasco

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.