Michigan SB0575 amends local government financing by modifying filing fees for municipal securities.

Michigan SB0575 amends sections 303 and 319 of the 2001 PA 34, concerning local government and school district fiscal accountability. The bill modifies the filing fees for municipal securities, adjusting them annually based on the inflation rate starting from January 1, 2026. It also introduces a late fee of $200 for qualifying statements submitted more than six months after the fiscal year's end.

Michigan SB0575 amends local government financing by modifying filing fees for municipal securities.

Michigan SB0575 amends sections 303 and 319 of the 2001 PA 34, concerning local government and school district fiscal accountability. The bill modifies the filing fees for municipal securities, adjusting them annually based on the inflation rate starting from January 1, 2026. It also introduces a late fee of $200 for qualifying statements submitted more than six months after the fiscal year's end.