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2011 Senate Bill 797: Cap municipal pension board travel expenses and more

Public Act 347 of 2012

  1. Introduced by Sen. Mark Jansen (R) on November 3, 2011, go cap municipal and state pension board spending on board members' travel and training expenses at $150,000 per year, and $30,000 maximum per board member. The bill also proposes specific pension system transparency requirements; restricts payments to service providers who made large political contributions; increases limits on how much can be invested in real estate, "private equity" and global equities; establishes other regulations on investment service providers; and more.
    • Referred to the Senate Appropriations Committee on November 3, 2011.
      • Reported in the Senate on May 15, 2012, with the recommendation that the substitute (S-3) be adopted and that the bill then pass.
    • Substitute offered in the Senate on May 29, 2012. The substitute passed by voice vote in the Senate on May 29, 2012.
  2. Passed 30 to 5 in the Senate on May 29, 2012.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the House on May 29, 2012.
    • Referred to the House Appropriations Committee on May 29, 2012.
      • Reported in the House on August 15, 2012, without amendment and with the recommendation that the bill pass.
  4. Passed 104 to 1 in the House on September 19, 2012, go cap municipal and state pension board spending on board members' travel and training expenses at $150,000 per year, and $30,000 maximum per board member. The bill also proposes specific pension system transparency requirements; restricts payments to service providers who made large political contributions; increases limits on how much can be invested in real estate, "private equity" and global equities; establishes other regulations on investment service providers; and more.
    Who Voted "Yes" and Who Voted "No"

  5. Signed by Gov. Rick Snyder on December 5, 2012.

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