CHICAGO -- Michigan lawmakers created a special committee Tuesday to handle Detroit's bankruptcy and recovery ahead of a package of bills that could be unveiled as soon as Thursday.
House Speaker Jase Bolger, R-Marshall, introduced House Resolution 353, a resolution to establish the Committee on Detroit's Recovery and Michigan's Future. The five-member panel will review and recommend legislation to "repair Detroit's financial health," according to the resolution.
State Rep. John Walsh, R-Livonia, will chair the committee.
Legislators are expected Thursday to unveil a 10-bill package that will detail how a proposed state contribution toward Detroit's pension obligation will be paid.
The bills will also cover oversight of the city's two pension boards and governance of the city when it exits bankruptcy.
Debate could begin as soon as this week.
"As the House considers support to help resolve Detroit's bankruptcy and secure its recovery, we need to ensure taxpayers statewide are protected and Detroit's success is ensured," Bolger said in a statement. "We are putting a strong team in place to resolve this difficult issue today with a vision for a bright future."
Gov. Rick Snyder, who proposed a $350 million state contribution over time -- which could instead be a $195 million lump-sum payment -- wants lawmakers to pass the legislation before their summer recess at the end of June.
