This week, the legislature approved of placing a constitutional amendment making changes to financial disclosure and term limits laws in Michigan on the ballot. It would require annual financial disclosures by the governor, lieutenant governor, secretary of state, attorney general, and members of the legislature. Items that would need to be disclosed include assets, liabilities, sources of income, positions held with third-party organizations, gifts from lobbyists, and certain active employment agreements.
The proposed constitutional amendment would also change current term limit laws to allow a person to serve a total of 12 years in the legislature, either fully in one chamber or a combination of the two chambers. Currently, a person can serve a maximum of two, four-year terms in the Senate and three, two-year terms in the House.
Both the House and Senate voted to give the two-thirds support necessary to place the item on the ballot this November. If a majority of Michigan voters approve, it would become law.
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