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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. It is an unelected office within the executive branch. [2] The current state treasurer is Rachael A. Eubanks ...
Every state and territory has its own basic corporate code, while federal law creates minimum standards for trade in company shares and governance rights, found mostly in the Securities Act of 1933 and the Securities and Exchange Act of 1934, as amended by laws like the Sarbanes–Oxley Act of 2002 and the Dodd–Frank Wall Street Reform and ...
In 1986 a state court appointed a receiver, Louis Schimmel, for the city of Ecorse which had a $6 million deficit. The court appointed receivership lasted until 1990. [1]The financial emergency status, along with the Emergency Financial Manager (EFM) position, was first created in Public Act 101 of 1988 for the specific emergency in Hamtramck.
Twelve years ago, JobsOhio paid $1.4 billion for a 25-year state liquor franchise to push all of the state’s liquor profits to the private company designed to drive economic growth and job creation.
Delaware lawmakers on Monday proposed changes to the U.S. state's widely used corporate law that would limit shareholder lawsuits after several high-profile companies said they might move their ...
Robert J. Kleine was the 43rd State Treasurer of Michigan, serving from 2006 to 2010. He was appointed to his position effective April 9, 2006, by Governor Jennifer M. Granholm . Born in Washington, D.C. , on November 8, 1941, [ citation needed ] Kleine earned an economics degree from Western Maryland College (now McDaniel College ) and a ...
Retirees are told to review the options and choose the system that works best for them, use the old state tax rules or the new tax rules that apply for 2023. Public safety retirees get early tax break
Roberts was appointed to the position of Michigan State Treasurer in January 1991. [1] He served in this capacity until November 20, 1998, when he resigned. Chief deputy state treasurer Madhu Anderson became acting State Treasurer in his place. Roberts later served as Michigan State Treasurer from 2001 to 2002. [2]