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The department, as the Department of Commerce, was formed in 1965 by Section 225 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.325.The Michigan Department of Licensing and Regulation was abolished with most responsibilities transferred to the newly formed Department. [1]
State S&P Global [1] Moody's Ref. Fitch Ratings; Rating Date Ref. Alabama: AA Aa1 [2] AA+ May 10, 2022 [3] Alaska: AA- Aa3 [2] [4] A+ April 13, 2022 [5] Arizona: AA Aa1 [2] — [6] Arkansas: AA Aa1 [2] — California: AA- Aa2 [2] AA March 1, 2022 [7] Colorado: AA Aa1 [2] — [8] Connecticut: A Aa3 [2] [9] AA- May 24, 2022 [10] Delaware: AAA Aaa ...
The state treasurer of Michigan functions as the chief financial officer for the U.S. state of Michigan.The state treasurer oversees the collection, investment, and disbursement of all state monies, and also administers major tax laws, safeguards the credit of the state, and distributes revenue sharing monies to local units of government.
The case arose from the high-profile bankruptcy of Chrysler, in which the U.S. Treasury orchestrated a sale under Section 363 of the Bankruptcy Code to avoid the debtors' having to fully compensate a group of first lien priority creditors, which included roughly 100,000 retired teachers and police officers from Indiana.
The Governor formed the department in hopes of better regulations thus drawing more insurance and banking companies to the state thus leading to more jobs. [4] In May 2013, the DIFS ordered two unlicensed pay day loan operators to stop activities in Michigan. [5]
The auditor of state, officially doing business as "the state comptroller", functions as the chief financial officer for the whole of state government. In terms of financial accounting, the auditor of state creates and operates the statewide accounting system, maintains a record of revenues, expenditures and balances by state fund, collects debts owed the state, and prepares various financial ...
Rachael Anne Eubanks is the 47th Michigan State Treasurer.. Before being state treasurer, Eubanks was appointed by Governor Rick Snyder to serve on the Michigan Public Service Commission as a utility regulatory commissioner in 2016, and was reappointed in 2017.
In addition to meeting IRS Treasury Regs.Sec.53.4944-3(a), many states require the label "L3C" or "low-profit limited liability company" to appear in the name of the organization. Each state may have state-specific requirements that govern L3C formation. [citation needed]