LEGAL NOTICE FEE ADJUSTMENT S.B. 1067:
SUMMARY AS PASSED BY THE SENATE
Senate Bill 1067 (as passed by the Senate)
Sponsor: Senator Sylvia Santana
Committee: Civil Rights, Judiciary, and Public Safety
CONTENT
The bill would amend the Revised Judicature Act to delete a March 1, 2025, sunset on the requirement that the Department of Treasury annually adjust legal notice publishing fees by the United States Consumer Price Index (CPI).
The Act prescribes the minimum and maximum rates that a newspaper may charge for publishing a legal notice or an order, citation, summons, advertisement, or other matter required by law to be published in a newspaper. Annually until March 1, 2025, the Department of Treasury must adjust the rates by the percentage increase in the CPI for the preceding calendar year, rounded to the nearest five cents. The bill would delete the March 1, 2025, sunset on this provision.
The statutory publication costs and adjusted amounts are described below:
|
Publication |
Statutory Amount |
Adjusted Amount[1] |
|
First publication rate per 100 words (folio) |
$20.50 |
$29.80 |
|
Per folio cost for subsequent publication |
8.45 |
12.35 |
|
Minimum cost for notice published once |
44.00 |
63.95 |
|
Minimum cost for notice published twice or more |
59.00 |
85.65 |
MCL 600.2534 Legislative Analyst: Eleni Lionas
FISCAL IMPACT
The bill would have no fiscal impact on the Department of Treasury. The Department would have to continue to adjust rates annually according to the CPI. As the Department already performs this work, no additional appropriations would be required.
Fiscal Analyst: Elizabeth Raczkowski
Michael Siracuse
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.
[1] "Inflation Adjustments: Legal Notice Newspaper Publication Costs Effective March 1, 2024." Department of Treasury, https://tinyurl.com/yum5ukjf, Retrieved 12-7-24.
ANALYSIS\S2324\s1067sa
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.