REPORTING REQUIREMENTS; DISTRICT DEFICITS                                           H.B. 5470:

                                                                                 SUMMARY OF DISCHARGED BILL

House Bill 5470 (as discharged)

Sponsor:  Representative Aaron Miller

House Committee:  Education

                             Ways and Means

Senate Committee:  Education and Career Readiness (discharged)

CONTENT

The bill would amend the Revised School Code to do the following:

-- Allow annual and quarterly interim reports made by the Michigan Department of Education pertaining to deficits incurred or projected by school districts, intermediate school districts (ISDs), and public school academies (PSAs) to be submitted electronically, by mail, or in person.

-- Allow annual and quarterly interim reports made by the State Treasurer on school districts, ISDs, and PSAs that were required to submit periodic financial status reports to be submitted electronically, by mail, or in person.

-- Eliminate a requirement for the Superintendent of Public Instruction and the State Treasurer to publicly present, on a quarterly basis, interim reports to the appropriations subcommittees of the Legislature responsible for K-12 school aid appropriations.

MCL 380.1220                                                             Legislative Analyst:  Dana Adams

FISCAL IMPACT

The bill would have no fiscal impact on State or local government.

Date Completed:  12-18-20                                                  Fiscal Analyst:  Cory Savino

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.