Michigan SB0101 modifies the definition of a gift for public employees and officers.

Michigan SB0101 amends sections 3 and 4 of 1978 PA 472, modifying the definition of a gift for public employees and officers. The bill specifies that a gift includes a payment, advance, forbearance, or deposit of money, items, services, or anything of value with a fair market value exceeding $25.00 in any one-month period, unless consideration of equal or greater value is received. It excludes certain items such as campaign contributions, loans made in the normal course of business, and specific types of refreshments or contributions to legal defense funds.

Michigan SB0101 modifies the definition of a gift for public employees and officers.

Michigan SB0101 amends sections 3 and 4 of 1978 PA 472, modifying the definition of a gift for public employees and officers. The bill specifies that a gift includes a payment, advance, forbearance, or deposit of money, items, services, or anything of value with a fair market value exceeding $25.00 in any one-month period, unless consideration of equal or greater value is received. It excludes certain items such as campaign contributions, loans made in the normal course of business, and specific types of refreshments or contributions to legal defense funds.