Corrective Action Plan Monitoring Policies and Procedures
PA 202 of 2017: Corrective Action Plan Monitoring Process
Section 10(6) of Public Act 202 of 2017 (the Act) requires the Municipal Stability Board (the Board) to monitor each underfunded local government’s compliance with the Act and any corrective action plan. The Board shall adopt a schedule, not less than every 2 years, to certify that the underfunded local government is in substantial compliance with the Act.
The Board approved a policies and procedures document for monitoring underfunded local governments and corrective action plans (CAP). Please review the linked document below for additional details.
The CAP monitoring document is intended to provide guidance around the monitoring process as well as monitoring criteria. These criteria will be used by the Board to certify each underfunded local government's compliance with the Act, and to ensure approved CAPs are continuing to address underfunded status.
Additional guidance will be forthcoming regarding specific actions related to this process.
Additionally, linked below is a memo released by the Board that outlines the process for a local government that no longer triggers as underfunded to be removed from the CAP process.
DRAFT CORRECTIVE ACTION PLAN MONITORING UPDATE AND REVIEW SCHEDULE (FOR PUBLIC COMMENT)