Public employees and officers: ethics; definition of gift; modify. Amends secs. 3 & 4 of 1978 PA 472 (MCL 4.413 & 4.414).

This bill updates Michigan's ethics laws by clarifying how the value of gifts and services is calculated for public employees and lobbyists. It establishes a specific method for determining fair market value based on the date of exchange and requires lobbyists to provide evidence of these values within nine days when requested. The legislation also refines the definition of a reportable gift, setting the threshold at over $25 in a month while explicitly excluding routine business loans, family contributions, and standard campaign donations.