Local government: other; local financial stability and choice act; repeal. Repeals 2012 PA 436 (MCL 141.1541 - 141.1575).

This bill seeks to repeal the Local Financial Stability and Choice Act of 2012, a law that previously set financial rules for local governments in Michigan. By removing the specific sections of the Michigan Compiled Laws associated with that act, the legislation would eliminate those existing financial regulations. Consequently, local municipalities and other local entities would no longer be subject to the oversight and requirements established under the repealed statute. The bill was introduced by Senator Mary Cavanagh and is currently under consideration by the Committee on Local Government.