This bill proposes the repeal of the Local Financial Stability and Choice Act, known as 2012 PA 436, which is codified in the Michigan Compiled Laws from sections 141.1541 to 141.1575. The legislation aims to eliminate the provisions established under this act, which were designed to provide financial oversight and intervention in local governments facing fiscal distress.

The bill includes a clear directive stating, "THE PEOPLE OF THE STATE OF MICHIGAN ENACT," followed by the specific repeal of the aforementioned act. This repeal signifies a shift in the state's approach to managing local financial issues, potentially impacting how local governments handle fiscal challenges moving forward.

Statutes affected:
House Introduced Bill: 141.1541, 141.1575