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2012 House Bill 5400: Authorize loan subsidies for fruit growers

Public Act 305 of 2012

  1. Introduced by Rep. Chuck Moss (R) on February 14, 2012, to provide a template or "place holder" for a potential supplemental multidepartment appropriation for Fiscal Year 2012-2013.This bill contains no appropriations, but may be amended at a later date to include them.
    • Referred to the House Appropriations Committee on February 14, 2012.
      • Reported in the House on September 19, 2012, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
    • Substitute offered in the House on September 19, 2012, to add actual appropriations. The substitute passed by voice vote in the House on September 19, 2012.
  2. Passed 103 to 2 in the House on September 19, 2012, to appropriate a $15 million for low-interest loan subsidies for fruit growers and producers who suffered extensive crop damage in 2012 due to an extended March warm spell followed by a hard freeze.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the Senate on September 20, 2012.
    • Referred to the Senate Appropriations Committee on September 20, 2012.
      • Reported in the Senate on September 27, 2012, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
    • Substitute offered in the Senate on September 27, 2012, to adopt a version of the bill that adds some extra prison and lead abatement spending, and establishes as the "intent of the legislature" that a state jobs training program for disabled people rectify serious issues uncovered in a recent audit. The substitute passed by voice vote in the Senate on September 27, 2012.
  4. Passed 38 to 0 in the Senate on September 27, 2012, to appropriate a $15 million for low-interest loan subsidies for fruit growers and producers who suffered extensive crop damage in 2012 due to an extended March warm spell followed by a hard freeze. The Senate also added $2.9 million for a government home abatement program, and $17.6 million for various security upgrades in prisons.
    Who Voted "Yes" and Who Voted "No"

  5. Received in the House on September 27, 2012.
  6. Passed 106 to 1 in the House on September 27, 2012, to concur with the Senate-passed version of the bill.
    Who Voted "Yes" and Who Voted "No"

  7. Signed by Gov. Rick Snyder on September 30, 2012.

Comments

Re: 2012 House Bill 5400 (Authorize loan subsidies for fruit growers)  by Mike Hignite on October 1, 2012 

 Another bailout to private individuals.  What is wrong with you people?  Haven't we had enough of this using public money to support a private enterprise?  Do you ever learn anything?  Not one senator voted against this bill?  Not one? 


Haven't we proved a million times that public money going to private individuals is immoral, ineffective, and distorts economic growth?


You take money from Michigan taxpayers, teachers, small businesses, green technology and give it to farmers.  When do the farmers share their profits with Michigan citizens, should things turn around next year?  Do you give that money back to the retirees you took it from?  Do you use that money to reduce the sales tax rate?  Of course not. 


Farmers take a gamble everytime they stick a seed in the ground.  If they guess right and are lucky, they make money.  If they don't they lose money.  Why are they entitled to this guarantee?  Why not the college drop out who thinks he's going to win big on American Idol and be rich.  He's taking a risk too.  Are you going to bail him out?  If not, why not? 


Another classic example of moral hazzard, not that we need another one.


 


 


 


 



2012 House Bill 5400 (Authorize loan subsidies for fruit growers)  by admin on October 1, 2012 
Introduced in the House on February 14, 2012, to appropriate a $15 million for low-interest loan subsidies for fruit growers and producers who suffered extensive crop damage in 2012 due to an extended March warm spell followed by a hard freeze

The vote was 103 in favor, 2 opposed and 5 not voting

(House Roll Call 544 at House Journal 0)

Click here to view bill details.

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