Michigan SB0099 amends financial disclosure requirements for public officers, including late filing fees, civil fines, and standard report forms.
Michigan SB0099 modifies the financial disclosure requirements for public officers under the Public Officers Financial Disclosure Act. It introduces a late filing fee of $25.00 for reports not filed within the required timeframe, with a maximum fine of $1,000.00 for persistent late filings. The bill also imposes a civil fine of up to $2,000.00 for knowingly filing incomplete or inaccurate reports. Additionally, it mandates the creation of a standard financial disclosure form by the Department of State, to be used by public officers for their annual financial disclosure reports.
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