2011 Senate Bill 483 / Public Act 267

Authorize state borrowing to pay off federal unemployment debt

Introduced in the Senate

June 16, 2011

Introduced by Sen. Mark Jansen (R-28)

To authorize state borrowing through the sale of bonds to pay off some $3.2 billion owed to the federal government for unemployment benefits paid to residents over the past several years. Senate Bill 484 authorizes a state unemployment “obligation assessment” imposed on all employers to pay off the debt.

Referred to the Committee on Economic Development

Nov. 3, 2011

Reported without amendment

With the recommendation that the bill be referred to the Committee on Finance.

Referred to the Committee on Finance

Nov. 29, 2011

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Dec. 1, 2011

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

The substitute passed by voice vote

Passed in the Senate 35 to 1 (details)

Received in the House

Dec. 1, 2011

Referred to the Committee on Commerce

Dec. 13, 2011

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Dec. 14, 2011

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

The substitute passed by voice vote

Amendment offered by Rep. Vicki Barnett (D-37)

To strip-out a "tie bar" to Senate Bill 806, which without this amendment will require that bill to become law before this one can. SB 806 establishes certain unemployment insurance system reforms, including new duties on individuals receiving benefits.

The amendment failed by voice vote

Passed in the House 64 to 44 (details)

To authorize state borrowing through the sale of bonds to pay off some $3.2 billion owed to the federal government for unemployment benefits paid to residents over the past several years. Senate Bill 484 authorizes a state unemployment “obligation assessment” imposed on all employers to pay off the debt.

Received in the Senate

Dec. 14, 2011

To concur with the House-passed version of the bill.

Passed in the Senate 36 to 1 (details)

Signed by Gov. Rick Snyder

Dec. 19, 2011