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On November 1, 2013, Clinton was again appointed by Governor Snyder, this time to the position of Treasurer of Michigan on November 1, 2013, and served in this position until his resignation in 2015. [3] [2] Clinton resigned to once again pursue business in the private sector. In 2017, Clinton was named director of the Michigan Catastrophic ...
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 1963 Constitution requires that all permanent agencies or commissions, except universities, be assigned to one of a maximum of twenty principal departments. [1] The principal departments are the: [2] [3]
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 ...
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 ...
State interest earnings averaged just $3.2 million a year between 2013 and 2021, before jumping to $76.4 million in 2022, records show. The boost to the general fund of more than $1 billion is the ...
Michigan's new governor and attorney general moved quickly Wednesday to review the legality of a contentious state deal to run an oil pipeline beneath a crucial section of the Great Lakes.
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.